How did incentive policies affect solar PV development?

Platzer et al. (Platzer, 2016) pointed out that the introduced incentive policies were the key factors to affecting the PV deployment and that they helped to initiate the early niche markets in the United States. Since the 1990s, Japan and Germany have become the leading countries in solar PV development.

Where did PV incentive policies evolve?

First, we trace the evolution of PV incentive policies in China, Germany, Japan and the USA. Detailed data were obtained via data mining by investigating PV development in three fields: PV R&D activities, PV industry and PV market.

How will the abolition of fit affect solar PV?

In 2019, the cumulative PV installed capacity was 49.27 GW; when the 52 GW cap was reached, the government ceased the application of FiT to new solar PV projects. The abolition of FiT means that the profit of the solar PV will decrease significantly, which indicates that the PV deployment will be reduced.

Why is active participation important in PV trade?

Their active participation not only saves costs and improves efficiency in expanding the PV trade networks, but also effectively stabilizes global PV trade patterns and promotes the development of renewable energy.

Where is the photovoltaic (PV) market developing?

Figure 7. The photovoltaic (PV) market development in China, Germany, Japan and the USA from 1990 to 2017 (Data source: IEA. PVPS. National Survey Report of PV Power Applications). By the end of 2009, the cumulative PV installed capacity in China was only 300 MW.

Does ITC support the solar PV market?

The residential and commercial ITC have helped the solar PV market to grow significantly since it was implemented in 2006, with an average annual installed capacity growth rate of 50% over the last decade alone. However, this support mechanism also has certain limitations.