With the decrease of the cost of renewable energy, the market share of renewable energy is rising and has entered the stage of large-scale application.But at present, the technology of energy storage is relatively backward, which is one of the pain points in the development of this industry.California has been forced to cut back on electricity generation because its solar and wind farms can't keep up with it.China's huge installed wind power capacity makes the problem of power consumption particularly prominent, and wind power enterprises are seeking transformation in face of the slow development of market enterprises.

It is inevitable that China's huge subsidy on installed capacity will decline

Although the number of new aircraft installed in China has been decreasing every year since 2015, China still ranks the first in the world in terms of total installed aircraft in 2017, accounting for more than half of the total installed aircraft in the world.

For example, as the leader of the domestic wind power industry, jinfeng technology ranked the third in the world in terms of the total installed capacity by sea and land in 2017.According to the official website of goldwind technology, since its establishment, goldwind technology has achieved a global installed wind power capacity of more than 44GW, accounting for 12.7% of the total installed wind power in the world, while sinovel, the second largest wind power company in China, has also achieved a total installed capacity of 16.47gw.The cumulative installed capacity of goldwind and sinovel alone exceeded the total installed capacity of Germany (56.1GW).China's cumulative installed wind power capacity is far ahead.

However, with the rapid construction of wind power and photovoltaic power generation projects, the demand for subsidy funds also increases rapidly. In recent years, the renewable energy development fund has been unable to make ends meet, and the subsidy gap for renewable energy has been expanding.By the end of 2017, China's cumulative subsidy gap for renewable energy power generation had reached 112.7 billion yuan.The old subsidy model is unsustainable.