Laohuping covers solar photovoltaic panels

Why is rooftop solar so popular in China?

Most of that rooftop solar has been added in the past two years, as China offered support for local governments to boost installations, and raised power rates to businesses, making generating their own electricity more attractive.

Where are rooftop PV panels bonded?

Spanning over 100,000 square meters, the rooftop PV panels glinted in the sun at the company's two major bonded warehouses: Hangzhou Comprehensive Bonded Zone in the provincial capital of Hangzhou; and Ningbo Qianwan Comprehensive Bonded Zone in the city of Ningbo.

Can developers buy solar panels in China?

In September, China’s National Energy Bureau announced a new initiative for local governments to partner with solar developers to build rooftop arrays. Under the scheme, building owners can purchase solar panels and sell the power they generate to developers, or developers can lease rooftop space to install solar panels they own.

Is China developing a rooftop solar system?

Fishman, an energy analyst at the Lantau Group, an economic consultancy firm in Shanghai, was keen to meet with developers in Shandong to understand how China is developing extensive rooftop solar installations at such a remarkable pace.

Is Shandong leading China's rooftop solar-development initiatives?

Shandong is leading China’s rooftop solar-development initiatives, accounting for 18% of such projects across the country. As of March, the province had installed 33 gigawatts (GW) of distributed solar capacity, enough to power an estimated 18 million homes.

Is China's Solar Plan working?

The plan seems to be working. Last year, China installed a record-breaking 87.4 GW of solar capacity, 59% more than in the previous year, according to China’s National Energy Administration. This takes the country’s total installed photovoltaic capacity to 392.6 GW.