Innovative business models and financing mechanisms for distributed solar PV (DSPV) deployment in China

The Chinese government has in recent years put in place a large number of incentive policies for distributed solar PV (DSPV). However, some of these policies have not been well performed due to many constraints, particularly the lack of innovative business models and financing mechanisms. This paper...

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Bibliographic Details
Published in:Energy policy 2016-08, Vol.95, p.458-467
Main Author: Zhang, Sufang
Format: Article
Language:English
Subjects:
Banking
Business
Business model
Business models
China
Distributed solar PV
Energy policy
Financial support
Financing
Financing mechanism
International comparisons
Literature reviews
Photovoltaic cells
Photovoltaics
Policies
Project finance
Public finance
Renewable energy
Renewable energy policy
Solar cells
Solar energy
Solar power
Studies
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Summary:The Chinese government has in recent years put in place a large number of incentive policies for distributed solar PV (DSPV). However, some of these policies have not been well performed due to many constraints, particularly the lack of innovative business models and financing mechanisms. This paper looks into this issue through the approach of combining literature review and interactive research, including interactions with managers from China's policy and commercial banks and PV projects. A comprehensive literature review on DSPV business models and financing mechanisms are firstly reviewed. Then the rapid evolving business models and financing mechanisms in the United States are examined, which provides some insights for China. Subsequent to this, the existing innovative business models and financing mechanisms for DSPV deployment in China and challenges facing them are discussed. Built on this discussion, policy recommendations are provided at the end of the paper. This study provides some insights for renewable energy policy makers in China as well as in other countries. •Reviewed literature on DSPV business models and financing mechanisms.•Presented the US DSPV business models and financing mechanisms.•Examined China's DSPV business models and financing mechanisms.•Made policy recommendations for DSPV deployment in China.
ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2016.01.022