Shanghai to subsidise offshore wind, ends support for onshore

Source: China General Nuclear Power Corp (www.cgnpc.com.cn).

June 10 (Renewables Now) - The municipal government of Shanghai will end onshore wind subsidies but it will extend those for offshore wind and solar power projects through 2021, it announced this week.

Wind farms that are installed offshore in the period 2019-2021 will get CNY 0.1 (USD 0.014/EUR 0.012) per kWh for five years, while the subsidy for onshore wind parks will be cancelled.

Solar photovoltaic (PV) plants, on the other hand, will receive a subsidy of CNY 0.3/kWh if they were completed in 2019, while those that will be finalised in 2020 and 2021 will see the reward cut by one-third and two-thirds, respectively.

Because of the COVID-19 crisis, solar projects that have entered the construction phase before the end of 2019 and are hooked to the grid by end-June 2020 will still qualify for 2019-level subsidies. In turn, projects filed in 2020 and concluded by mid-2021 will get 2020-level payments.

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