Weekly renewables M&A round-up (Nov 25-29)
Dec 02, 2019 10:17 CESTJuly 12 (Renewables Now) - China expects to allocate CNY 1.7 billion (USD 247.4m/EUR 219.8m) of subsidies for 22.79 GW of large-scale centralised solar power projects that will receive government support in 2019, Reuters reports.
Citing the National Energy Administration (NEA), the news agency said on Thursday that 3,921 photovoltaic (PV) projects in 22 provinces and cities have been cleared to get subsidies. In 2018, no subsidies for such schemes were awarded.
Approved projects have to fulfil certain conditions in order to get the subsidy. Among those is the completion of construction and feeding power to the grid according to a set schedule.
This year, China is expected to bring online between 40 GW and 45 GW of solar PV. Some CNY 750 million of subsidies are designated for rooftop solar facilities and systems to be installed under a PV poverty relief programme, according to the report.
At end-2018, China’s cumulative solar installations stood at 174.63 GW after 44.3 GW of fresh capacity was added in 2018.
(CNY 1.0 = USD 0.146/EUR 0.129)
Weekly renewables M&A round-up (Nov 25-29)
Dec 02, 2019 10:17 CESTto-the-point: JinkoSolar's Tiger panels to be used at 300-MW demo project in China
Nov 29, 2019 13:07 CESTShunfeng offloads 11 solar farms in China to cut debt
Nov 29, 2019 12:46 CESTLongi to step up mono ingot production with 10-GW factory
Nov 29, 2019 9:38 CESTVestas to upgrade 100 MW of turbines for China Datang
Nov 29, 2019 8:09 CESTChina leads USD-36bn drop in emerging markets clean energy investments
Nov 27, 2019 9:53 CEST