InfoLink reports lower SNEC 2025 turnout amid solar policy concerns

InfoLink Consulting, a Taiwanese market research company, reported increased uncertainty in China's solar market as a result of recent policy updates. The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) published Document No. 136 in February 2025, requiring market-based pricing for renewable schemes through trading in electricity markets. Provinces are required to release implementation guidelines by the end of 2025, but the majority are still under internal consultations. InfoLink Consulting reported that drafts of existing policy may decrease solar project returns by as much as 30%, which will lead developers to seek alternatives like wind power. The 18th SNEC Expo in Shanghai echoed weak industry sentiment with decreased attendance and sliding short-term orders underlining continuing financial constraints. InfoLink Consulting also added that two consecutive years of financial deficits for PV manufacturers have further shaken market confidence.