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Beijing Reportedly Ending Renewable Energy Support (Int'l Report)
China Renewable Energy
Date: 2020-01-10
Shanghai Securities News is reporting Beijing is considering scaling back or even abolishing subsidies to the offshore wind power sector in 2022. Beijing would, however, still encourage regional-level governments to subsidize construction of local offshore wind farms. In 2019, the central government cancelled subsidies for the solar power industry.

The cut backs are being viewed as a sign of the government's intention to completely eliminate financial support to renewable energy firms as their technology becomes more commercially competitive. (Source: Shanghai Securities News, CX Tech, 9 Jan., 2020)

More Low-Carbon Energy News China Renewable Energy,  China Wind,  China Solar,  

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