Starting in Q4 2025, China will scrap its 13% VAT export rebate on solar modules and storage systems. . In a major policy shift toward electricity market liberalization, China has introduced contract-for-difference (CfD) auctions for renewable plants and removed the energy storage mandate, which has driven up to 75% of national demand to date. S&P Global expects the move to reverberate through the. . Solar and storage prices are about to rise after a year and a half of record lows, according to new data from Wood Mackenzie. Equipment procurement costs for solar and energy storage will jump around 9% starting in Q4 2025, marking the end of the bargain pricing developers have enjoyed for the last. . In China, generation-side and grid-side energy storage dominate, making up 97% of newly deployed energy storage capacity in 2023. Projections show significant growth for the future. This rapid growth, however, has caused other problems, such as what one analyst described as “temporary structural overcapacity” and low utilisation. By fully considering market and price. .