China’s waste-to-power developers get great rate

The rate received by waste-to-power developers is almost double that of coal-fired producers.

China’s National Development and Reform Commission said developers of waste-to-energy power plants will be paid US$0.10 per kilowatt-hour to encourage renewable energy development. This compares to the US$0.03 and US$0.04 received by coal-fired power firms.

The waste-to-energy rate is higher than the highest price of US$0.09 per KWH paid to wind-power projects but lower than the US$0.15 per KWH paid to solar power developers.

One analyst said this is the first time China has established a fixed price for waste-to-power plants. China aims to source 15% of its energy from non-fossil fuels by 2020.