In an announcement made by the Ministry of Finance (MoF) at the end of September about the defaulted payment of renewables subsidy, “Green Certificate” trading has been brought to the spotlight as a means to “alleviate subsidy needs through ‘green certificate trading’ and power market trading”.
On October 22, the annual China Wind Power (CWP) Conference in Beijing brought together government officials, investors and industry experts to share insights on the future of the wind energy industry inside and outside of China.
Chinese renewables subsidy will remain in deficit in the near future. The Chinese Ministry of Finance (MoF) has officially clarified that the central government will not consider increasing renewables electricity tariff surcharge as a solution to the deficit problem of renewables subsidy for the time being, as the state’s priority is to ease the burden on enterprises (electricity users).
Zhangjiakou, a city in Northern China’s coastal province Hebei, has just announced strengthened efforts to help promote the development of the hydrogen energy industry.
The current total installed capacity of new energy and renewable energy in Shandong Province has reached 33.64GW, accounting for 24.7%, or nearly one-quarter, of the province’s total installed capacity.
For power generation projects of the coal-fired, hydro, wind, solar, agricultural and forestry biomass, biogas, and waste incineration type, the Hubei DRC will no longer issue project-specific approval of benchmark on-grid tariffs, a process which was previously required by a policy set by the National Development and Reform Commission (NDRC).