USEUROPEAFRICAASIA 中文双语Français
Home / Life

Boost domestic solar industry

By Hai Yuan | China Daily | Updated: 2009-09-10 08:40

China's unprecedented plan to offer subsidies for utility-scale solar power projects is likely to spark a new round of investment from Chinese solar panel makers. The nation is trying to catch up in a global race to find alternatives to fossil fuels, blamed for carbon emissions affecting the planet's climate.

In the latest move to boost domestic solar industry, the Ministry of Finance unveiled a subsidy plan in late July. The government will subsidize 50 percent of investment for solar projects as well as relevant transmission and distribution systems that connect to grid networks.

For independent photovoltaic power generating systems in remote regions that have no power supply, the subsidy will rise to 70 percent, the ministry said in an announcement on its website.

Boost domestic solar industry

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US