China lifts renewable power subsidy for 2021 by nearly 5% y/y

China’s Ministry of Finance said on Friday it had set the country‘s renewable power subsidy for 2021 at 5.95 billion yuan ($905.7 million), up 4.9 per cent from this year, thanks to a big increase in the subsidy for solar projects.

The subsidy will be allocated to wind farms, biomass power generators and distributed solar power operators, as well as solar power projects for poverty alleviation purposes, in 14 regions, according to a statement from the ministry’s Central Budget and Final Accounts Public Platform.

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Mozaffar EtezadiFar

Founder at Energykade
Mozaffar owns degrees in electrical engineering as BSc and power management as MSc. He has worked in fields of energy and e-commerce. He believes that energy and IT can help each other to save more energy and our planet. So here is energykade...
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