The Treasury liquidation "golden sun" demand recover billions of money

Round of "golden sun", the rise in China's photovoltaic market rising tide, low tide period of falling global dc to ac inverter .

Nearly four years, the fiscal funds to promote industry development of special measures cost billions, controversial, ups and downs, and between the bit a controversial policy trajectory.

In 2009, the project had been high hopes.

Earlier, China pv market "three head out" - raw materials, market, equipment out in the outside, outside the domestic market is approximately equal to zero, photovoltaic modules by more than 95% for export.

Affected by the financial crisis in 2008, the export situation of China's photovoltaic products, an urgent need to start the domestic market.

Thereby, launched the relevant ministries and commissions of the China gold sun demonstration project, hoping to quickly unlock the doors of domestic photovoltaic scale development.

This diligent policy, however, has been in the process of implementation in enterprises "loopholes" " PV inverter " the game of war with the government.

Eventually, around the gold sun demonstration project, run programs, cheat subsidies, drag, shoddy construction period rumours, decision-making and regulators have to repeatedly adjust the policy, the even launched the subsidies to its focus on audit audit action.

And the subsidy system design flaws, has emerged in the beginning of the policy, but did not cause enough attention.

The next few years, when the project in the project examination and approval late, subsidies and regulation and so on each link successively appeared loophole, regulators are trying to remedy, but this project's inherent "hourglass" has always been difficult to completely blocked.

Trade-offs, from this year decided to no longer accept the relevant ministries and commissions of demonstrative project of new gold sun apply for examination and approval of the project, and claim back subsidies, failed to timely completion of project actually ended the implementation of several years of fiscal subsidies.

"One size fits all" but it was close to the winding arrangement and is causing the photovoltaic industry a new round of shock.

"Golden sun" why fall, reflecting on typical trajectory of the fiscal subsidy policy, the policy makers take warning from when.

Received the notice from the clearing of the ministry of finance, shandong datang power generation co., LTD. (hereinafter referred to shandong datang) - general manager was shocked.

Datang shandong because of "golden sun" project won the ministry of finance of hundreds of millions of yuan in subsidies.

Now, these projects are judged to be "unfinished, cancel the demonstration, take back subsidies".

This means that the company will be a huge blow. In fact - feel hard to accept, "these projects already hooked up to the".

At the same time, also surprised guangxi yuchai new energy co., LTD. (hereinafter referred to as yuchai new energy), general manager of jinhua.

Yuchai 30 mw of new energy investment in the construction of demonstrative project of golden sun has been connected to the grid, and the Treasury decision as "not electricity, cancel the demonstration, withdraw subsidies".