Nation weans solar sector off subsidies on commercial maturity
China Daily | Updated: 2019-08-05 07:57
BEIJING - China has been active in the deployment of solar photovoltaic or PV power generation, a fast-growing renewable energy technology in the world, and has been reducing subsidies in the sector as the technology's commercial maturity deepened in recent years.
In the latest move, China has implemented a new "subsidy bidding" mechanism in the solar PV sector, with subsidies lower than market expectations.
The National Energy Administration on July 11 announced the results of state subsidy bidding for PV power generation projects in 2019.
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