**Abstract**
Recently, the Ministry of Finance issued the "Notice on the Liquidation of the Golden Sun Demonstration Project's Financial Subsidy Fund," signaling the end of a four-year implementation period for the "Golden Sun" project. This development also indicates that China is moving toward a new phase in its photovoltaic distributed power generation policy, shifting from initial investment subsidies to electricity-based incentives.
The transition from investment support to electricity subsidies marks an important evolution in China’s renewable energy strategy. Since the beginning of this year, with the introduction of national policies encouraging distributed photovoltaic (PV) systems—especially rooftop PV installations—the domestic market has seen rapid growth. This progress has brought hope to many PV companies that were previously struggling. At a time when the EU was about to announce its preliminary ruling on anti-dumping measures, the industry announced that distributed PV would soon benefit from wind-like subsidies, drawing attention back to the four-year-old "Golden Sun" initiative.
In 2009, the Ministry of Finance, the Ministry of Science and Technology, and the National Energy Administration jointly launched the "Golden Sun Demonstration Project." The initiative aimed to accelerate the industrialization and large-scale deployment of domestic PV through financial support, technological innovation, and market-driven approaches. The model of initial investment subsidies combined with self-consumption and surplus electricity grid connection significantly boosted enthusiasm among PV developers.
By 2009 alone, over 100 MW of Golden Sun projects were approved, and by 2012, the total capacity had surged to 4,540 MW. Meng Xianyu, vice chairman of the China Renewable Energy Society, noted that the initial investment subsidy helped cultivate the domestic PV development chain, making it logical to shift toward electricity subsidies once the market matured.
The Golden Sun project marked a breakthrough in China’s PV application landscape, serving as a pilot for large-scale solar deployment. According to statistics, the total installed capacity of the Golden Sun Demonstration Projects exceeded 6,000 MW since 2009, accounting for nearly half of the domestic PV market. This not only helped the industry overcome challenges but also opened up the domestic installation market. It also delivered significant energy savings and carbon reduction benefits. For example, 6,000 MW of installed capacity could generate approximately 167.58 billion kWh over 25 years, saving around 2.68 million tons of standard coal and reducing CO₂ emissions by about 6.97 million tons, equivalent to a total emission reduction value of nearly 3.8 billion yuan.
Driven by the Golden Sun initiative, China’s PV installed capacity grew exponentially. By 2012, China became the world’s second-largest PV market after Germany. Experts believe that despite its short duration, the Golden Sun project played a crucial role in advancing the PV industry. It provided valuable experience in distributed energy development and large-scale grid-connected PV systems, while promoting industrial innovation, localization of materials, and cost reduction.
The real impact of the Golden Sun policy was the launch of large-scale domestic PV applications. More importantly, it helped break the traditional barriers within China’s power system, enabling the integration of distributed generation into the grid. As construction costs dropped, grid access improved, and business models matured, the long-anticipated electricity price subsidy policy was finally implemented.
Electricity price subsidies are widely used in Europe and the U.S., and they were a key consideration when China first introduced its PV market. However, due to the unique structure of China’s power grid, authorities initially focused on investment subsidies to build the necessary mechanisms and conditions. Once the market matured, a gradual shift to electricity subsidies made sense.
Xu Honghua, director of the Institute of Electrical Engineering at the Chinese Academy of Sciences, explained that investment and electricity subsidies serve different stages of industry development. The convergence of both policies ensures sustained market growth. Some PV executives have suggested that the government should extend the Golden Sun project for another three years, allowing both electricity subsidies and the Golden Sun program to operate side by side during this transition period. This approach could help refine a more suitable subsidy model tailored to China’s specific conditions.
stainless steel sink strainer can be used for fruit and vegetable washing drain basket, it is a useful stainless steel kitchen tool and it also called Draining Rack or draining basket. It is very useful when you wash your fruit and vegetable, it will make your fruit and vegetable health to eat.
The material is food grade 304 stainless steel which is anti rust and easy to wash
Fruit Vegetable Washing Draining Basket,Stainless Steel Kitchen Tool,Draining Rack, Draining Basket
Shenzhen Lanejoy Technology Co.,LTD , https://www.szlanejoy.com