-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> Business/Markets -> 
1st batch of subsidy-free solar, wind farms unveiled
    2019-05-24  08:53    Shenzhen Daily

CHINA announced Wednesday the first batch of clean energy projects that will be built without financial support from the government, putting renewable power on a path to compete with existing coal and gas-fired generation.

China will develop 20.8 gigawatts of renewable projects this year that can only profit from selling electricity into grids at prices equal to or less than coal power, said a joint statement from the National Development & Reform Commission and National Energy Administration. That includes 14.8 gigawatts of solar and 4.5 gigawatts of wind capacity.

The announcement is set to trigger a wave of new solar projects in the second half of this year because now that a list of subsidy-free plants has been drawn up, provinces are allowed to organize the bidding process required for projects seeking government aid, according to Shen Zhifeng, an analyst at UOB-Kay Hian Holdings Ltd. in Shanghai.

“China solar panel demand in the second half of the year will accelerate,” said Shen.

China has turned to renewables to cut its reliance on coal and fight against pollution. The nation has subsidized clean power plants for years, but is shifting toward a more market-driven approach to rein in its large subsidy bills that resulted from a green investment boom.

It has also announced policies to boost clean energy use, including setting mandatory consumption targets and giving priority grid access to subsidy-free plants. (SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn