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Solar Takes Lead Role in Latest China Five-Year Plan
China is the largest manufacturer and installer of solar photovoltaic power systems in the world, and the country appears ready to increase its solar installations based on information contained in the country’s 14th Five-Year Plan (FYP). The plan, covering the period 2021-2025, is being developed and expected to be implemented beginning in March 2021.
The policy priorities of the plan were revealed in late October 2020, when the 19th Central Committee of the Communist Party of China held its Fifth Plenary Sessions in Beijing. China has set a target to be carbon-neutral by 2060, and the latest plan’s outline for energy shows the country could increase annual installations of solar power generation capacity to as much as 85 G
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Under President Xi Jinping s much-hyped ‘dual
circulation strategy (DCS), China will depend mainly on
“domestic circulation” for its next phase of
development, supported by external resources through
“international circulation”.
The former is intended to reduce China s dependence on
overseas markets and technology for its long-term development, a
shift brought on by a deepening rift with the US, while the latter
entails greater market opening to attract more foreign investment
in high-end manufacturing to strengthen its supply chain security
and deter foreign countries from luring firms away from