China's NDRC cuts solar subsidies to avoid industry overheating

The new on-grid power tariffs will range between US$7.8-11c/kWh starting 1 June 2018.

The Chinese National Development and Reform Commission (NDRC) and the Ministry of Finance have issued the 2018 Solar PV Power Generation Notice, a new policy regarding investment and subsidies for photovoltaic (PV) installations.

This new regulation introduces a CNY5c/kWh (US$0.8c/kWh) cut in the nationwide feed-in-tariff (FiT) and in the subsidies for PV distributed projects. The new on-grid power tariffs will range between CNY0.5/kWh to CNY0.7/kWh (US$7.8-11c/kWh) starting from 1 June 2018, while the subsidies for county-level poverty alleviation PV projects will remain stable.

Besides, the NDRC and the National Energy Administration also announced that the construction of new solar utility-scale power projects must be halted until further notice. The utility-scale target for 2018 has been abolished and all Chinese provinces will be forced to impose bans on all companies seeking FiTs under any 2018 mechanism.

This article was originally published by Enerdata.

Also Read

Will the government pay for coal power exit in Vietnam?

China's carbon market tightening to boost RE demand

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