China has implemented a national feed-in tariff for the solar sector, which is set to underpin its already fast-paced photovoltaic sector.
China’s latest Five Year Plan has centralised renewable energy as a key part of the country’s ability to meet its growing power needs.
With now dominant wind and solar players any additional incentive scheme is likely to consolidate its leading market position further.
Reports today suggest that its strong export market will now have a healthy domestic appetite with many businesses likely to begin looking inward for their 2012 sales pipeline.
Feed-in tariffs have been very successful at stimulating markets in Europe and led Germany to become the world’s biggest solar player. But with these scaling back, China is likely to leapfrog others in the market.