China cuts subsidy for new solar projects in 2020

The total subsidy for solar will average $214m for the year.

The National Development and Reform Commission (NDRC) of China has finalised its solar PV subsidy policy for 2020, taking into account the permitting rules set by the National Energy Administration (NEA) for the construction of new projects.

Distributed PV and utility projects seeking financial support from the central government will have to go through a bidding process.

The guiding prices for utility PV per kWh were cut by $0.007 (CNY0.05) to $0.0495 (CNY0.35) for projects in zone 1, to $0.057 (CNY0.4) for projects in zone 2, and to $0.069 (CNY0.49) for projects in zone 3. The subsidy per kWh for residential PV and some distributed PVs fell by 50% ($0.0014 or CNY0.1) and 56% ($0.007 or CNY0.05), respectively.

According to the Ministry of Finance (MOF) of China, the total subsidy for solar PV will be halved compared to 2019 and will average $214m (CNY1.5b) in 2020, including $142m (CNY1b) for bidding projects and $71m (CNY500m) for residential rooftop PV.

This article was originally published by Enerdata.

Also Read

Carbon market for Asia-Pacific region pushed

India’s MNRE clarifies coverage of ALMM order

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit