ReneSola, a vertically integrated, Tier-1 Chinese solar company, revealed today that it has brought online more than 180 MW of distributed generation (DG) solar power in China in the first six months of the year.
This capacity has been built exclusively on rooftops, and the majority – 170 MW – is supplying power to the national grid at a FIT rate of RMB 0.98/kWh ($0.14/kWh).
Company CEO and chairman Xianshou Li remarked that ReneSola is on course towards meeting its 2017 DG installation target of 300 MW.
“At the mid-point of the year, we have connected about half of our goal,” said Li. “These projects reinforce our optimistic outlook for the project development business.”
The CEO added that the ultimate aim is to accelerate DG development in China over the coming quarters. Nationally, China’s DG solar market is growing at around 200% per year according to official National Energy Administration (NEA) data.
The NEA calculates that in 2016, rooftop solar accounted for 12% of all installations in China – some 4.23 GW of capacity, to be exact.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.