Unified power tariffs mean clearer guidance for solar projects
BEIJING / HONG KONG - China has set its first unified benchmark grid feed-in power tariffs for solar projects, a move that will provide clearer guidance for solar project developers when making investment decisions.
The rates, starting at 1 yuan (16 cents) per kilowatt hour (kWh) for projects approved after July 1, were higher than many of those proposed and accepted by State-owned solar power developers in China's second official tender last year, suggesting they would be welcome news for industry participants.
The price solar power developers sell to grid operators for projects approved before July 1 and completed by the end of this year will be 1.15 yuan/kWh, the National Development and Reform Commission (NDRC) said in a document published on Monday.