How does the government regulate the PV industry?

To regulate the PV industry and ensure its healthy development, the central government introduced a series of standards covering the design, construction, acceptance, and land use of solar PV stations. 4.2.3. Promotion and application of PV technology During this period, the domestic PV market experienced rapid development.

Why is the solar PV panel market so competitive?

The high level of competition in the solar PV panel market, mainly due to the future market demand in and the competitiveness of leading countries, is compounded by the fact that transporting solar energy equipment is less cumbersome than transporting other renewable technologies (such as wind).

Is distributed solar PV cost-effective?

Within the context of China, studies have analyzed the cost-effectiveness of distributed solar PV, highlighting how improper policy can hinder PV development, and assessing the economic performance of distributed PV policies [40, 41, 46].

How does overcapacity affect PV prices?

Overcapacity and price declines: navigating market instability The explosive growth in PV manufacturing has also created overcapacity, leading to a substantial decline in PV prices, a trend that has persisted throughout 2024.

Why are standards important in the solar PV industry?

Box 9. THE IMPORTENCE OF STANDARDS IN THE SOLAR PV INDUSTRY Standards are essential for ensuring safety and quality in the solar PV sector, especially because the reliability, performance and durability of solar equipment is critical to ensuring smooth operation of solar power plants.

Will solar PV be the future of electricity?

In the REmap analysis 100% electricity access is foreseen by 2030, in line with the Sustainable Development Goals, and solar PV would be the major contributor to this achievement. costs are expected to reduce further, outpacing fossil fuels by 2020 (IRENA, 2019f).