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China Cutting New Wind Power Project Subsidies (Int'l. Report)
National Development and Reform Commission
Date: 2019-05-27
In Beijing, China's National Development and Reform Commission (NDRC) has announced that as of 1 Juny, 2019, onshore wind projects connected to the national grid will no longer receive the fixed payment -- feed-in-tariff -- and will instead have to negotiate a price with the national grid directly, The new rules do not phase out government-set tariffs entirely, as the negotiated price must be less than an official "guidance price," which serves as an upper limit and is based on electricity generation costs in the area the project is based.

The prices will still be subsidized by the National Renewable Energy Development Fund but the ceiling will fall in 2020 when projects are required to reach "grid-price parity" and compete equally with the cost of coal power in their region.

The NDRC notice also introduced a new guidance price for newly approved offshore wind power projects. (Source: NDRC, Caixin, 27 May, 2019)Contact: China National Development and Reform Commission, en.ndrc.gov.cn

More Low-Carbon Energy News China National Development and Reform Commission,  Wind,  Wind Subsidies ,  


Sooner State Retains Wind Energy Tax Credit (Reg & Leg)
Oklahoma
Date: 2018-07-03
In Norman, the Oklahoma Senate has rejected legislation to end a state tax credit to various renewable energy providers, but primarily the wind energy industry. The tax credit, which is slated to be phased out over the next 10 years, costs state taxpayers approximately $70 million per year.

Under the current 20-year old law, electricity-generating companies earn credits of a fraction of a cent per kilowatt-hour of electricity generated with renewable technologies including wind, hydropower, solar, and geothermal energy sources. The 10 year phase-out of the tax credit began on July 1, 2017. No projects brought on line after that date are eligible for the credit. (Source: Heartland Institute, PR, 2 July, 2018)

More Low-Carbon Energy News Wind,  Wind Subsidies,  Wind Energy Incentive,  

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