Cut in subsidies for big projects studied
Source: Bloomberg News |
March 19, 2013, Tuesday
|
Print Edition
Print Edition
CHINA, forecast to become the largest solar-power market this year, may abolish some subsidy programs for the largest projects to preserve incentives for smaller ones and avoid duplication, an industry official said.
The new policy would keep in place help for plants owned by the final user of the power, while trimming back subsidies for starting utility-scale projects, said Meng Xiangan, vice chairman of the China Renewable Energy Society in Beijing. His organization acts as a liaison between the government and industry.
Should the government confirm the move, it would reduce incentives under the Golden Sun program just as China strives to install more photovoltaic equipment than any other country and as its manufacturers are hurting.
The government picked hundreds of developers last year to get subsidies as demand for their solar devices slumped in Europe.
The new policy would keep in place help for plants owned by the final user of the power, while trimming back subsidies for starting utility-scale projects, said Meng Xiangan, vice chairman of the China Renewable Energy Society in Beijing. His organization acts as a liaison between the government and industry.
Should the government confirm the move, it would reduce incentives under the Golden Sun program just as China strives to install more photovoltaic equipment than any other country and as its manufacturers are hurting.
The government picked hundreds of developers last year to get subsidies as demand for their solar devices slumped in Europe.
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