Solar photovoltaic application Qin Haiyan: green bonds or would solve the problem of renewable energy subsidies

Solar photovoltaic (pv) net news: on July 22, a hydropower planning & design institute held in Beijing China renewable energy development report 2019 press conference. Secretary general of the China renewable energy institute wind energy professional committee Qin Haiyan said at the meeting, solar panels, green bonds, strengthen the binding quotas, continue to implement the feed-in tariff, full of affordable acquisition system, is & other; 14 or 15 & throughout; During the important way of promoting renewable energy development.

since 2019, the trend of wind power, photovoltaic parity Internet increasingly obvious, renewable energy as the main body status of the power increment is further established. At the meeting, but Qin Haiyan remind industry, parity in the age of renewable energy may not be smooth, & other; 14 or 15 & throughout; During the industrial development still faces multiple obstacles.

Qin Haiyan think, is the top issue facing the industry subsidies in arrears. “ Many business projects is very difficult, a lot of photovoltaic project cash flow is negative, if subsidies cannot be & lsquo; 14 or 15 & rsquo; Open to solve as soon as possible, before further investment will be under a lot of trouble. ” He called on authorities to take effective measures as soon as possible, strive for in 14 or 15 start stage thoroughly solve the problem of subsidies, to travel light the renewable energy sector.

Qin Haiyan advice, can crack subsidies by means of green bonds default problem. “ The international and domestic is now focusing on green recovery, through increasing green project investment, promoting economic development. So we suggest that countries to issue bonds, set up special funds. ”

Qin Haiyan counts if 300 billion yuan, the green bonds will default subsidies resolved at the end of 2020, and in 2021 after the redemption ratio can be improved. Until around 2038, balance can be renewable energy subsidies in full. “ Countries have issued similar bonds before, government support for corporate can solve the problem of large, interest rates will be very low. If 300 billion bonds, the interest calculated at 2%, with 6 billion annually renewable energy fund debt servicing, can settle all basic default subsidies by 2038. Renewable energy fund income calculated at 90 billion a year, began to repay the principal of 300 billion to 2038 years later, 3 - Four years is also finished. Subsidies or now, all projects all parity began in 2021, on how much each project subsidies rules, style and more sufficient to issue bonds. ”

the quota system is one of the important measures to ensure the renewable energy development space, Qin Haiyan said, & other; 14 or 15 & throughout; Should strengthen the binding quotas, during the ascension to the legal level. “ Quotas to local government behavior, to guarantee the development space. The 'energy law' draft has been written into the quotas. ”

fixed price can greatly reduce the financing cost of renewable energy projects, solar energy, is the necessary condition to achieve parity with access to the Internet. Qin Haiyan thinks, solar energy, electricity price uncertainty, will increase the risk of a project, increase the cost of financing, and other 14 or 15 & throughout; And affordable, should continue to implement the power grid companies signed long-term PPA, 20 years China solar power network, and insist on a full indemnificatory acquisition system. “ If the battery cannot guarantee full acquisitions, achieve parity. Now abandon wind, abandoned while easing of light, but the resurgence of, therefore required to buy insurance in & lsquo; 14 or 15 & rsquo; It is also important to policy. ”

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this paper statistics the September to today issued a total of 2. 85 gw pv power plant EPC and 1. 9 gw component bid opening information. Among them, the EPC project owner units is given priority to with soe/state, this also reflected from the side, in project bidding and parity, the state-owned enterprises have become the absolute main force. Specifically, CGNPC in development of 410 mw, 603 mw, guangzhou energy saving 220 mw, 345 mw, jin can group solar energy equipment, the people vote for 200 mw, 190 mw hubei energy group, huaneng power 180 mw