China s science and technology photovoltaic bracket enterprise

How is China transforming the photovoltaic industry?

China’s photovoltaic industry has accelerated its technological innovation and further optimised its investment structure, gradually becoming one of the pillar industries for national economic growth. Additionally, the PV industry is in the process of a policy-driven to market-driven transformation.

Why is China focusing more on solar photovoltaic (PV)?

The solar photovoltaic (PV) power is abundant, clean, and convenient and also has been considered as one of the most promising renewable energies [5, 6]. Due to the ever-increasing energy and environmental pressures, China is switching to focus more on fostering the PV industry.

How has China's PV power technology changed over time?

Zhao et al. showed that China's PV power technology has improved dramatically, with technological advances in the efficiency, reliability, and reduced pollution of PV cells and PV power generation systems, leading to a rapid increase in both PV production capacity and the value of exports .

How has China's solar PV industry evolved over the past two decades?

China's rapidly growing PV industry greatly benefited from the domestic supportive polices. Hence, maintaining stable policy framework and expectations is pivotal for market development . This paper delves into the evolution of solar PV policies in China over the past two decades.

How has fit policy influenced the growth of PV market in China?

Thus, the FiT policy has driven the rapid growth of the PV market in China. In 2015, “a Top Runner Program” was introduced to encourage Chinese PV companies to invest in PV R&D (IEC, 2018). With the expansion of the domestic PV market, the PV product capacity in China continues to grow.

Does China have a competitive advantage in the photovoltaics industry?

With decades of development and technological maturity, China's photovoltaics industry has a competitive advantage in terms of both technology and cost. Furthermore, China's vast territory and abundant light resources position the PV industry for structural growth over the next 40 years under the backdrop of carbon neutrality.