Journal
ENERGIES
Volume 14, Issue 11, Pages -Publisher
MDPI
DOI: 10.3390/en14113061
Keywords
carbon peak; renewable energy; solar PV power; China; PEST analysis; incentive policy
Categories
Funding
- Ministry of Education of the People's Republic of China [18JZD032]
Ask authors/readers for more resources
China has experienced rapid social and economic development in the past 40 years, leading to an excessive consumption of fossil fuels and causing energy shortages and environmental pollution. To achieve sustainable development, the country is striving to transform its growth mode, with a focus on adopting renewable energy sources such as solar photovoltaic power. Despite potential opportunities for further development of solar PV power, challenges remain and will require policy support and industry innovation to address.
China has experienced rapid social and economic development in the past 40 years. However, excessive consumption of fossil fuel energy has caused an energy shortage and led to severe environmental pollution. To achieve sustainable development, China is striving to transform its growth mode. Adopting renewable energy (RE) including solar photovoltaic (PV) power is an effective measure. How to promote the further development of solar PV power under the scenario of China's aspirational target of carbon peak by 2030 and 20% RE ratio in the energy mix remains a theme that need to be addressed. This paper analyzes the potential opportunities and challenges confronting solar PV power in China. The analysis covers the dimensions of political, economic, social, and technological (PEST). The results revealed a significant prospect for the further deployment of solar PV power in the coming decades. The aggressive estimated installed capacity of solar PV power is expected to reach 80+ GW annually. To successfully achieve the goal of 80+ GW, barriers that hinder the further development of solar PV power have to be eliminated. Suggestions for policymakers include maintaining enforceability and continuity of policies, favorable financial supports, mandatory RE quotas for all parties, and supporting fundamental R&D. Suggestions for the solar PV industry include full utilization of integrated applications, set up an after-sales service network, collaborative innovation among the industry chain, and engaging in storage and hydrogen technology. The findings are greatly beneficial for policymakers and the solar PV industry.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available