New energy and renewable energy projects in Beijing Xicheng District can receive 30% of their investment as subsidy

New energy and renewable energy projects in Beijing Xicheng District can receive 30% of their investment as subsidy

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On January 15, 2021, Beijing Xicheng People's Government issued the "Administrative Measures for Supporting and Encouraging Energy Conservation and Consumption Reduction in Xicheng District, Beijing" (revised).

According to the document, new energy and renewable energy projects are given a subsidy of 30% of the total investment. For contract energy management projects, a subsidy of 50% of the municipal subsidy funds will be given on the basis of the subsidies of the Beijing Municipal Government. The measures will be valid until December 31, 2025.

With this policy, the yield of PV projects in Beijing has risen sharply again. In fact, the Beijing Municipal Government had previously issued the “Notice on Supporting the Promotion and Application of Photovoltaic Power Generation Systems” where a subsidy of 0.3 to 0.4 CNY/kWh is given for PV projects.

(Beijing Xicheng Gov)