Only fairly recently had China announced a renewable energy standard of 20% by 2020. Now the Chinese government has announced a new renewable energy effort that will dwarf previous government support.
photo: Wayne National Forest via flickr
China is going to launch a feed-in tariff for utility-scale solar power projects.
NYC Treehugger Matthew McDermott relays a Renewable Energy World report on a new renewable energy standard that China now has established.
REW cites Suntech as saying the new feed-in tariff will likely be between 1.09 and 1.5 yuan ($0.16-0.22) per kilowatt-hour of electricity.
For sake of comparison, South Africa’s feed-in tariff for solar power, one of the highest in the world, is up around $0.23/kWh.
Considering that at the start of this year China has less than 100 MW of grid-tied solar power, that sort of market stimulus is pretty significant… A number of large-scale solar power projects are underway in China, including the first 30 MW of a planned 1,000 MW project the Qaidam Basin, and a 166 MW solar power plant in Yunnan province.
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