The PV industry in China is expected to move toward a healthy and orderly development track by improving entry threshold to curb excessive production capacity. 4.2. Specific implementations in relevant fields The latest 12th Five-Year Plan for Renewable Energy Development in China proposed a new development goal for its solar PV industry.
Fig. 4 shows the optimal development path for China's solar PV power under the base case. The solar PV power development target for 2050 will be achieved in 2048, two years ahead of the schedule. The development trend will be maintained before 2040, but the a big vibration of the installed capacity appears after 2041.
The major solar power technology currently available is the solar PV system, in which sunlight is directly converted into electricity via photovoltaic effect. The PV industry in China entered its period of rapid development during the 21st century because of the significant increase in global demand for PV products.
So far, many studies have been conducted on solar PV developments in China, yet the majority of these focused on the top-down dimension, which is central government policy guidance, whereas the bottom-up dimension in the policy-making process, that is, the influence of PV enterprises and local governments on the central government, is overlooked.
According to the national development strategy, China will develop solar photovoltaic power generation vigorously. Large-scale development of solar photovoltaic requires a lot of financial support, thus, how to achieve development goals with minimum cost is a meaningful study and can provide practical significance for policy studies.
President Xi Jinping's announcement in 2020 of China's commitment to peak carbon emissions by 2030 and achieve carbon neutrality by 2060 underscores the nation's determination to expand its solar PV capacity. However, the scarcity of land, particularly in developed regions, has emerged as a primary impediment to solar PV development.