State subsidies for large-scale PV in China seen at USD 247m

Image by: Risen Energy (www.risenenergy.com).

July 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)

More stories to explore
Share this story
About the author
Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription