National development and reform commission solar container technology and industrial development

What does NDRC & Nea's energy reform mean for investors?

The reform aims to enhance competition but raises uncertainty over future returns for investors. China’s National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) have issued a directive to accelerate market-based pricing for renewable energy, including wind and solar power.

Why did the NDRC change the feed-in tariff for solar power?

In 2016, the NDRC issued a notice that modified the feed-in tariff benchmarks for onshore wind power and photovoltaic power generation. As a result, the feed-in tariff for solar PV power transitioned from being subsidy-driven to prioritizing grid parity.

What is the National Development & Reform Commission?

The National Development and Reform Commission has been entrusted by the State Council to submit this report on the implementation of the 2024 plan and on the 2025 draft plan for national economic and social development to the Third Session of the 14th National People’s Congress (NPC) for deliberation.

Why does China need a stable policy framework for solar PV market development?

The central government has placed significant emphasis on renewable energy, particularly solar PV technology. China's rapidly growing PV industry greatly benefited from the domestic supportive polices. Hence, maintaining stable policy framework and expectations is pivotal for market development .

What does the NDRC do?

The NDRC manages the General Offices several leading groups, including the National Defense Mobilization Commission, the State Council Leading Group for Western Development, and the State Council Leading Group for the Revitalization of Old Industrial Bases in Northeast China; all of these are led by the premier.

Will the NDRC switch to a market-based bidding system?

The NDRC plans to shift to a market-based bidding system for electricity payments after June 2025. China now has 887GW of installed solar power, more than six times the capacity of the US. Credit: vvaldmann/Shutterstock.