Research on the policy route of China's distributed photovoltaic power generation

The distributed photovoltaic power generation is an important way to make use of solar energy in cities. China issues a series of policies to support the development of distributed photovoltaics in law, electricity price, grid connection standard, project management, financial support and so on. However, there are still some defects in policies and market mechanism. China creates a competitive market with a significant number of projects of distributed photovoltaic power through the reform of the electricity market, yet substantial drawbacks of the corresponding investment subsidies prevent distributed photovoltaic power from rapidly developing. This paper summarizes the status quo of China's distributed photovoltaic power development, given its long-term plan, presents excellences and shortcomings of the existing policy system, and looks into the supporting policies and implementation paths for China's distributed photovoltaic power in different stages. Innovative business models and financial support models are conducive to the development of distributed photovoltaic power. Financial innovation methods such as crowd funding and asset securitization should be encouraged to develop a sound risk assessment mechanism for projects, involve insurance institutions, and establish a risk sharing mechanism. In the context of a series of supporting policies, the distributed photovoltaic power in China will move towards market-oriented standardization for a healthier and more stable development. (C) 2020 The Authors. Published by Elsevier Ltd.