China plans $248 million subsidies for large-scale PV projects in 2019, Reuters
Post date: 11/07/2019 - 17:59
China has estimated government subsidies for utility scale PV projects in 2019 at CNY 1.7 billion ($247.64 million), involving total installed capacity of 22.79 GW, according to news agency »Reuters«, citing the National Energy Administration (NEA). A total of 3,921 projects in 22 provinces and cities have received approvals for the applicable subsidies.
The new subsidy is part of a system of fixed subsidy amounts the Chinese government implemented this year for solar projects. China did not allocate any subsidies for centralized solar stations in 2018 as Beijing tried to ease a payment backlog that stands at CNY 120 billion ($17.4 billion), says the article.
Projects that are included into the subsidy list will not necessarily receive the fund. They will have to complete construction and send electricity to the grid on time otherwise will be disqualified from receiving subsidy. NEA officials also expect about 50 GW of solar power projects, including centralized power stations, rooftop projects and systems under the poverty relief programme, are planned for 2019. »Among which, 40 GW to 45 GW is expected to be completed and start generating electricity by the end of this year,« according to the news agency: »This year China will also allocate 750 million Yuan worth of subsidies for rooftop power projects and for additions under the photovoltaic poverty relief programme that aims at alleviating rural poverty and promoting clean energy.«