The Chinese Authorities takes an important step to support the development of rooftop solar energy.

The National Energy Administration issued a directive applicable rooftop solar photovoltaic installations.

According to the directive, the installable ratio of photovoltaic installations on the total roof area of government buildings should not be less than 50%, for public buildings like schools, hospitals 40% and industrial and commercial buildings 30%. This is an important measure to realize the two national goals of "carbon peak and carbon neutrality.”

This directive is a very supportive development for the solar industry and distributed generation companies and clearly shows the strong commitment from the Chinese government to support the transition to a carbon neutral economy. Our assessment is that the directive will create further demand for our offering. The market has reacted positively and the listed solar companies in China has traded up  on the news.