Do Chinese solar companies get subsidies?

And the non-SOE Chinese solar firms also receive direct subsidies from the Chinese government. JinkoSolar received $165.6 million USD in subsidies in 2023 alone, an 8% increase from the year before. The Chinese government’s commitment to supporting its solar industry is showing no signs of ending.

Are solar energy prices lower than grid-supplied prices in China?

Yan et al. argue that solar energy in China has reached a threshold at the city level; even without subsidies, solar energy prices are lower than grid-supplied prices.

Is it time to enter a subsidy-free era for solar PV?

Many scholars of technological and economic studies argue that now is the time to enter a subsidy-free era for solar PV in urban China [11, 49]. Our findings contrast with those studies' findings [11, 12]; residents find that the payback period is long and the investment risk is high.

Can subsidy-free solar PV compete with coal-fired power in China?

Subsidy-free solar PV’s prices are lower than grid-supplied prices at the 344 prefecture-level cities in China. Subsidy-free solar PV can compete with coal-fired power in Chinese cities, and 65.99% of the studied cities could even achieve financial return.

Is residential solar PV preventing global upscaling?

In recent years, the cost of solar photovoltaics (PV) has declined sharply; however, residential solar PV (RSVP) continues to have many barriers preventing its global upscaling, except in some pioneering developed countries such as Germany and Sweden [6, 7].

Which solar companies have a negative free cash flow?

JinkoSolar, Canadian Solar, Trina Solar, and JA Solar have all had largely negative free cash flow over the past four years. Of the five, only LONGi has had consistently positive free cash flows. The consistently negative free cash flows of all the other companies make the debt problems even greater.