China’s new on-grid photovoltaic prices may benefit solar projects

09 August 2011 06:42  [Source: ICIS news]

SHANGHAI (ICIS)--The National Development and Reform Commission (NDRC)’s new benchmark on-grid prices for the photovoltaic sector may encourage China’s solar projects to flourish, industry sources said on Tuesday.

Developers of solar power projects that were approved before 1 July and will be completed by the end of the year can now sell to grid operators at yuan (CNY) 1.15/kilowatt hour (kWh) (18 cents/kWh), according to a statement by NDRC.

For projects that were approved before 1 July and will be completed after 2011, the on-grid price is CNY1/kWh, the statement added.

The move is expected to boost solar power development because the on-grid prices can result in profits for the developers.

“The photovoltaic demand is surging nowadays, we need a standard policy on this sector indeed,” one market player said.

China’s government plans to add more than five gigawatts of new solar power capacities by 2015.

($1 = CNY6.44)

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By: Dolly Wu
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