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China increased 10 Billion RMB subsidies on renewable energy generation since 2012 | Asia Pacific
 
   

China increased 10 Billion RMB subsidies on renewable energy generation since 2012

To promote the renewable energy development and utilization, China National Development and Reform Commission (NDRC) and National Energy Bureau released "Levy and Use Management of Renewable Energy Development Fund (Draft)", which was implemented from January 1st of 2012. According to the Draft, the additional price of renewable energy power will increase from 0.004 RMB to 0.008 RMB per kWh. According to the middle and long term of renewable development and plan, the fund can be adjusted as requirement. The fund will support the R&D, demonstration projects, renewable energy used in faraway places and assessment & information platform establishment, etc.
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Posted by Gloria Llopis | 2012-04-16