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
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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)
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Although the country's total wind power reached 154 million KW as of June 2017, nearly triple the figure from 2012, the usage rate is low and Many wind turbines are halted and idle due local power grid failures.
Also, the price of wind and photovoltaic energy are still too high and still rely on subsidies to develop.
(Source: China New and Renewable Energy Bureau National Energy Bureau, Asia Times,
The DailyBrief , Oct., 2017) Contact: China New and Renewable Energy Bureau National Energy Bureau,en.ndrc.gov.cn
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The commission ruled that aid for the Kriegers Flak windfarm was in accordance with European Union guidelines because "it helps the EU to meet its energy and climate targets." The support will be granted as a premium on top of the electricity price in the Nord-Pool market. Europe's leading power market.
The windfarm will utilize 600 Vattenfall turbines and is expected to be operational by 2021.
The expected to generate sufficient power for approximately 600,000 households.
(Source: European Commission, Various Media, AP, 28 Mar., 2017)
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