50% subsidy
By Ding Yining |
December 3, 2010, Friday
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Print Edition
Print Edition
THE Ministry of Finance said it will subsidize 50 percent of contract value for producers of key components of photovoltaic that won bidding for model projects.
The ministry, along with Ministry of Science, Ministry of Housing and Urban-Rural Development and the National Energy Bureau, said in a joint statement yesterday that they will use fiscal grants to expand the utility of photovoltaic power in the country and to maintain China's competitiveness in the sector.
The country also hopes that annual installed capacity of photovoltaic power will reach 1,000 megawatts by 2012 and continue to expand the scale of the "Golden Sun" model programs.
The ministry, along with Ministry of Science, Ministry of Housing and Urban-Rural Development and the National Energy Bureau, said in a joint statement yesterday that they will use fiscal grants to expand the utility of photovoltaic power in the country and to maintain China's competitiveness in the sector.
The country also hopes that annual installed capacity of photovoltaic power will reach 1,000 megawatts by 2012 and continue to expand the scale of the "Golden Sun" model programs.
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