Want China Times, Xinhua 2013-06-15
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| Solar panels in Zhejiang province, eastern China. (Photo/Xinhua) |
A raft of
measures have been unleashed to open up China's photovoltaic (PV) market amid
increasing trade tensions with the European Union, according to a meeting of
the country's cabinet on Friday.
The
development of the domestic PV sector is also in line with China's initiatives
to upgrade industrial operations, according to a statement released after an
executive meeting of the State Council presided over by Premier Li Keqiang.
China's
internationally competitive solar power sector has met with difficulties due to
subdued overseas demand, the statement said, adding that support must be
granted to the PV sector to help it out of this predicament.
China's
government will take greater initiative to promote distributed solar PV power
projects to boost utilization, it said.
Chinese
power suppliers on the grid are urged to prioritize purchases of solar power
and buy all available solar power, said the statement.
Power
transmission lines linking production facilities and grid companies must be
built when a solar power project is under construction, it said, adding that
the transmission lines and the power projects must be put into operation at the
same time.
Beijing
will improve policies to support more solar power facilities with government
subsidies in power pricing, said the statement. The renewable energy fund will
be expanded to ensure that more distributed PV projects receive government
subsidies in time.
Financial
institutions are encouraged to support PV companies and help them overcome
financing difficulties, said the statement.
The
government will support research and development into key materials and key
facilities in the PV sector, it vowed.
To foster
bigger and stronger companies and curb the blind expansion of production
capacity, China's government will encourage mergers and reorganizations among
PV makers.
Earlier
this month, the EU imposed an interim anti-dumping duty of 11.8% on imports of
all Chinese solar panel products, including panels, cells and wafers. If both
sides fail to come to an agreement, the duty will be raised to an average of
47.6% in two months.
Chinese
solar panel firms have complained that the EU's punitive duties will eat away
at their low margins and could even drive them out of the market.
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