How do Market Structure and Subsidy Changes Cause Overinvestment in China's Wind Power Industry?
In recent years,China has made great efforts to develop renewable energy.However,with the rapid development of installed wind power capacity,China's wind power industry has also produced prob-lems such as"rushing to install"and"Curtailment of wind power".Focusing on China's wind power in-dustry,this paper analyzes the problem of overinvestment in China's wind power market under the current power dispatching system through theoretical and empirical models.The dynamic change process of the to-tal installed capacity of the market before and after the reduction of the feed-in tariff of wind power is dem-onstrated,and the conclusion is drawn that the area where the competition of wind power developers is fierce is more likely to lead to the problem of overinvestment.
wind powerfeed-in tariff subsidy policyrushing to installcurtailment of wind power
万方数据
维普
