by Jessica Sui, Feifei Shen, Jing Yang, and Chris Martin, Bloomberg
China will start building pilot wind and solar power projects that won’t receive national government payments as it pushes to improve the competitiveness of renewable energy and rein in subsidy bills. Shares of solar manufacturers surged in New York and Hong Kong.
Power prices from these pilot projects will be the same or lower than from coal-fired plants, the National Development & Reform Commission said in a statement laying out the policy on Wednesday. Subsidy-free plants may be exempt from participating in some power market transactions and will sign long-term power purchase agreements with grids at fixed tariffs, it said.
Read more: https://www.bloomberg.com/news/articles/2019-01-10/china-plans-subsidy-free-solar-wind-power-pilot-projects?utm_medium=email&utm_source=newsletter&utm_term=190117&utm_campaign=climatechanged
Latest posts by Guest Blogger (see all)
- A mixed emissions report - August 13, 2019
- How climate change is becoming a deadly part of white nationalism - August 8, 2019
- Medical schools are pushed to train doctors for climate change - August 7, 2019