We apply spatial econometric model to analyze the performance of government subsidies on photovoltaic industry. The installed capacity of photovoltaics has shown a significant spatial agglomeration situation since 2012. The feed-in tariff and R&D subsidy policies play a positive incentive to the photovoltaic installed capacity.
In addition, government subsidies can reduce research and development costs of PV companies. Moreover, it is beneficial to achieve the collaborative innovation of PV industry chain between PV manufacturers and solar cell suppliers. Third, most control variables pass the significance test.
The scale of subsidies is in inverse correlation with the distribution of solar energy resources in some regions. Energy is the basis for development of material civilization. Since fossil energy can cause environmental problems, clean energy has become the trend of energy development. Solar energy is a kind of resource-rich and clean energy.
Due to the higher cost compared with traditional fossil energy power, R&D subsidy is significant for the development of PV power [ ]. Technology innovation is essentially risky, and there is an asymmetry between the cost of failure and the benefits of success from technological innovation.
The feed-in tariff and R&D subsidy policies play a positive incentive to the photovoltaic installed capacity. The scale of subsidies is in inverse correlation with the distribution of solar energy resources in some regions. Energy is the basis for development of material civilization.
Few studies applied regional data in a single country to analyze the influence of support policies on solar PV industry. Moreover, no research studies performed the spatial effect of subsidies on solar PV installation volumes in China. Therefore, we select panel data of 31 provincial units in China from 2011 to 2018.
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Performance analysis of government subsidies for photovoltaic industry ...
We apply spatial econometric model to analyze the performance of government subsidies on photovoltaic industry. The installed capacity of photovoltaics has shown a significant spatial agglomeration situation since 2012. The feed-in tariff and R&D subsidy policies play a positive incentive to the photovoltaic installed capacity.
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2 · In the latest move, China has implemented a new "subsidy bidding" mechanism in the solar PV sector, with subsidies lower than market expectations. The National Energy Administration (NEA) on July 11 announced the results of state subsidy bidding for PV power generation projects in 2019.
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Solar photovoltaic (PV) power generation is a leading renewable technology, offering minimal environmental impact, low carbon emissions, and high electricity generation efficiency. The solar PV industry, especially in China, is undergoing rapid growth, with the country leading in installed capacity. The feed-in tariff (FIT) subsidy policy has been instrumental in …
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On the Economics of Residential Solar PV Subsidies: Impact on …
stimulate renewable energy generation among households, solar photovoltaic (PV) subsidies have been popular. According to Gielen et al. (2019), globally, solar PV received the largest …
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Performance analysis of government subsidies for photovoltaic …
We apply spatial econometric model to analyze the performance of government subsidies on photovoltaic industry. The installed capacity of photovoltaics has shown a …
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Solar energy is a topic that has been gaining more attention in recent years as people become increasingly concerned about the environment and the costs associated with traditional energy sources. One of the most commonly discussed aspects of solar energy is photovoltaic technology, which is often used interchangeably with the term "solar."." However, important distinctions …
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In this paper, we propose a spatial econometric model to analyze performance of government subsidies for the photovoltaic industry. When spatial dependence is obvious, …
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The results show that a carbon-trading subsidy is better than an electricity price subsidy and that it is essential to improve the demand for the power produced by the PV power-generation projects. Lower market risk and driving technology progress are both conducive to improving the subsidy efficiency. This study also provides a meaningful ...
(PDF) Performance analysis of government subsidies for photovoltaic …
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