China to Assign $217 Million to New Solar Power Projects in 2020
Of the funds, 500 million yuan will be given to distributed power projects for residential users, and the enduring 1 billion yuan will be split between large-scale solar stations and distributed power projects for industrial and commercial users
January 23, 2020. By News Bureau
China will earmark 1.5 billion yuan ($217.27 million) to new solar power projects in 2020, its energy administration said in a statement.
Of the funds, 500 million yuan will be given to distributed power projects for residential users, and the enduring 1 billion yuan will be split between large-scaled solar stations and distributed power projects for industrial and commercial users.
China has planned to scale back its total renewable power subsidy to 5.67 billion yuan in 2020 from 8.1-billion-yuan last year, as Beijing considers clean energy sources are capable of contending subsidy-free with coal-fired power.
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