China selects 294 solar power plants for subsidy

subscribe

China has identified 294 solar power projects with total generating capacity of 642 megawatts (MW) in its first pilot program.

Beijing has said it will subsidies at least half of the investment cost.

The capacity will be nearly 30 percent more than the minimum target Beijing set in July when it launched the unprecedented "golden sun" plan, which was part of China's drive to catch up in a global race to find alternatives to fossil fuels.

These projects were expected to cost around 20 billion yuan (US $2.93 billion) and be ready for use in two or three years, the Ministry of Finance said.

Of the projects, 232 with total generating capacity of 290 MW will be constructed by major industrial and commercial firms and the power output would be consumed by themselves.

Twenty-seven independent photovoltaic power generating projects, with total capacity of 46 MW, will be built in remote regions that have no power supply. The projects were expected to generate enough power to meet demand for more than 300,000 residents in the regions.

The remaining 35 projects, with total capacity of 306 MW, would be utility-scale plants, whose power output would be fed into grid networks.

The finance ministry also laid out specific price and quality requirements for parts and components in the qualified solar power projects, but it did not provide project names or where they are located.

The Ministry of Finance had said the government would subsidies 50 percent of investment for solar power projects as well as relevant power transmission and distribution systems that connect to grid networks, 70 percent of cost for independent solar projects in powerless regions.

In March, the ministry said it would provide 20 yuan per watt peak (Wp) of subsidy for solar projects attached to buildings that have capacity of more than 50 kilowatt peak, which could cut the power generating cost by around half to about 1 yuan per kilowatt-hour.

China is expected to raise its 2020 solar power generation target more than fivefold to at least 10 gigawatts (GW). With incentives, analysts expect over 2 GW in new solar capacity will be installed as early as 2011, up from just over 100 MW in 2008.

China has more than 800 GW of power generating capacity, and around three quarters of them are fired by coal.

Related News

power

Global Energy War Escalates: Price Hikes and Instability

LONDON - Russia's targeting of Ukraine's energy infrastructure has unleashed an "energy war" that could lead to widespread price increases, supply disruptions, and ripple effects throughout the global energy market.

This highlights the unprecedented scale and severity of the attacks on Ukrainian energy infrastructure. These attacks have disrupted power supplies, hindered oil and gas production, and damaged refineries, impacting Ukraine and the broader global energy system.


Energy as a Weapon

Experts claim that Russia's deliberate attacks on Ukraine's energy infrastructure represent a strategic escalation, demonstrating the Kremlin's willingness to weaponize energy as part of its war effort. By…

READ MORE
heat-exacerbates-electricity-struggles

Heat Exacerbates Electricity Struggles for 13,000 Families in America

READ MORE

canada microgrid

Why Canada should invest in "macrogrids" for greener, more reliable electricity

READ MORE

hydro one logo

Ontario's electricity 'recovery rate' could lead to higher hydro bills

READ MORE

duke energy

Report: Duke Energy to release climate report under investor pressure

READ MORE