The country’s cumulative PV installations reached about 77.8 GW at the end of 2016, according to the International Renewable Energy Agency (IRENA). China 's Bloomberg New Energy Finance is to set up a new photovoltaic (PV) monitoring system to help channel funding into regions that harness solar power most efficiently. Curtailment -- production of energy that can't be used -- has been a significant roadblock for the development of PV in China , with National Energy Administration estimating that approximately 3.28 TWh of solar capacity was wasted in yearly . The new system will advise prospective developers using data regarding site conditions, regional subsidy levels and local government support and will help shape the establishment of the government's 2016 PV installation quotas.
China 's Bloomberg New Energy Finance is to set up a new photovoltaic (PV) monitoring system to help channel funding into regions that harness solar power most efficiently. Curtailment -- production of energy that can't be used -- has been a significant roadblock for the development of PV in China , with National Energy Administration estimating that approximately 3.28 TWh of solar capacity was wasted in yearly . The new system will advise prospective developers using data regarding site conditions, regional subsidy levels and local government support and will help shape the establishment of the government's 2016 PV installation quotas.