China's May 31 solar policy changes sent reverberations through the global PV industry. Vincent Shaw reports from Shanghai on the 31/5 policy, its forecast impact, drivers, and the 11th hour efforts to avert what some describe as a "car crash" of a policy shift. On June 1, only one day after the worlds largest solar exhibition, the SNEC Expo 2018 in Shanghai, a great hit was delivered to China's PV industry. The impact was triggered by an official notification jointly issued by the National Development and Reform Commission (NDRC), the Ministry of Finance (MOF), and the National Energy Administration (NEA). The notification, which was actually a series of new policies with immediate effect as of May 31 (therefore referred to also as the "31/5 policy"), surprised the entire industry by its extreme adjustment to Chinas PV target of 2018.
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