Shenzhen's latest push to promote distributed photovoltaic power generation will play a key role in driving the country's green development and helping achieve its carbon neutrality goal by 2060, experts said.

The metropolis in South China's Guangdong province introduced a range of measures on Monday to push forward the industry's development, with an aim to achieve 1.5 gigawatts in newly installed capacity during the 14th Five-Year Plan period (2021-25).

The move is part of the city's broader efforts to shift toward green and low-carbon energy to contribute to the country's dual carbon goals of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060.

According to the government d0cument, launched by the Development and Reform Commission of Shenzhen, the city will promote the construction of BIPV (Building Integrated Photovoltaics) projects in industrial parks, plants, logistics and warehousing bases, public buildings, transport facilities and residential buildings.

The city will strive to cultivate leading industry players by offering support to enterprises and research institutes to enhance their technological levels in developing photovoltaic materials, modules and equipment, and strengthen the entire industry chain.

While social capital is encouraged to be invested in photovoltaic projects, banks and other financial institutions are also urged to provide innovative financial products, services and flexible loan guarantee methods to facilitate financing of such projects, the d0cument said.

The 1.5 GW of newly installed capacity by 2025, if achieved, is expected to attract approximately 6 billion yuan ($858 million) in social investment and create a 6 billion yuan local market, the commission said.

"This will help promote high-quality development of the city's new energy industry and build a new launchpad for green and low-carbon development," it said.

Shenzhen is among a number of Chinese cities that have issued policies to drive the development of the solar power sector.