
The latest subsidy decision from Beijing could come as a shock to the utility scale solar sector.
Reuters has reported the Chinese Ministry of Finance has confirmed no subsidies will be made available for large scale solar projects next year.
A report published on the news wire yesterday claimed ministry officials had said the RMB3 billion ($427 million) subsidy pile set aside for solar this year will be cut to RMB2.63 billion next year, and will only be available to small scale and poverty alleviation projects.
If accurate, that would mark a significant step back from the 18-month transition period envisaged for the switch to grid parity solar in the consultation draft of the Work plan for the construction of subsidized (grid parity) projects for wind and solar PV document which emerged from talks between renewables industry insiders and government officials in Beijing in April. Tiếp tục đọc “China reportedly ready to end large scale PV subsidies this year”









