The coronavirus’ impact on China’s offshore wind sector is seen to have been further reduced as China's Ministry of Industry begins operations again.
CHN Energy (China Energy Investment Corporation) has signed a large-scale wind-solar-storage integrated clean energy project in IMAR.
In the Notice on Wind and Solar PV Power Project Construction in 2020 (announced on January 23), a renewables subsidy of CNY 1.5 billion has been allocated by the Ministry of Finance (MoF) for newly operating PV power projects in 2020, among which CNY 500 million are for household/individual PV and RMB 1 billion for FIT bidding projects made up of centralized PV and distributed C&I.
A total investment of CNY 1.84 billion has flowed into the PV sector of the Chinese stock market on February 12, one day after Shanghai-listed Tongwei Group announced in the company’s development plan (2020-2030) that it would invest CNY 20 billion in a new solar panel production project that is expected to yield a 30GW annual capacity.
ECIDI (POWERCHINA HUADONG ENGINEERING CORPORATION LIMITED (hereinafter referred to as “POWERCHINA HUADONG”) has signed an EPC (Engineering, Procurement and Construction) contract with Jiangsu Huawei Wind Power Co., Ltd for the Jiangsu Qidong Offshore Wind Power H1, H2 and H3 Projects.
According to a Shandong Government notice, provincial-level authorities are proposing a set of measures to improve and optimize planning, approval and construction of renewable energy projects in the province.