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QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Pilot subsidy-free solar, wind projects to start
    2019-01-14  08:53    Shenzhen Daily

CHINA will start building pilot wind and solar power projects that won’t receive Central Government payments as it pushes to improve the competitiveness of renewable energy and rein in subsidy bills.

Power prices from these pilot projects will be the same or lower than from coal-fired plants, the National Development and Reform Commission (NDRC) said in a statement laying out the policy. Subsidy-free plants may be exempt from participating in some power market transactions and will sign long-term power purchase agreements with grids at fixed tariffs, it said.

Regulators are seeking to cut the nation’s surplus renewable power capacity, as well as its hefty subsidy bill, which followed its green energy investment boom.

The government rattled the market last year when it decided to curb financial aid to solar developers to slow record growth rates and integrate existing capacity into the grid.

“This offers much-needed certainty for investment decisions,” BOCI Research Ltd. analyst Tony Fei said in a note. “The solar PV supply chain could be a more direct beneficiary.”

The subsidy-free policy will remain valid for the entire life of the projects if they are approved and construction commences before end of 2020, the NDRC said. Projects that were proposed but not built within a certain time period will be scrapped to make room for non-subsidized plants, without providing further details. Some provinces, including Fujian, have already started canceling solar and wind projects in response to a government order to determine if developments would still be needed.

The push for the pilot plants doesn’t mean national subsidies for all new wind and solar power projects will be canceled, National Energy Administration said in an explanatory statement on the policy. (SD-Agencies)

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