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The Chinese government's National Development and Reform Commission (NDRC) says it will reduce its PV solar FiT subsidy by about 15% in 2018 China is divided into three regions according to the solar resources, and in the case of large-scale solar power plants, the subsidies according to the regions no 1 area is CNY0.55/Kw(USD 0.0825), no 2 area is CNY0.65/Kw(USD 0.0975) & no 3 area is CNY 0.75/Kw(USD 0.1125) Rural solar FiT subsidies, which aim to offset the income disparity between urban and rural areas, will maintain CNY0.42/Kw same as this year By the third quarter of this year, the PV solar plant installed in China will be about 43 Gwh, which will reach 54Gwh by the end of the year this is an increase of nearly 50% compared to the installation of 34.5Gwh solar power plant in 2016 The total cumulative facility capacity is expected to reach 77.8 Gwh by 2016, and 132.3 Gwh by adding 54 Gwh in 2017 The new subsidy rate announced this time will apply from Januar
Q-Cells and LDK Solar form joint venture for large-scale solar energy plants Recent rumours of a business tie-up between Q-Cells and LDK Solar have come to fruition with the official formation of a Joint Venture (JV) to promote and supply PV systems for large-scale solar power plants in both Europe and China. The new business partners said that a 40MW project located in Europe had already been secured, which will see the use of solar wafers from LDK Solar and solar cells from Q-Cells, though no details were given in respect to modules. The JV is intended to reduce system costs through the supply chain and leverage market presence in the two regions, according to the companies. "This joint venture will strengthen our position in the crucial business area of large-scale PV power plants," noted Anton Milner, CEO of Q-Cells SE. "We look forward to the many new opportunities that will emerge as a result of our partnership with Q-Cells," commented Xiaofeng Peng, Chairman
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