China Selects 294 Projects for Solar Subsidies
China plans to subsidize 294 demonstration photovoltaic (PV) projects with total power capacity of 642MW and total electrical capacity of 1 billion kWh through its "Golden Sun" incentive program, according to a notice jointly released by China's Ministry of Finance, Ministry of Science and Technology and National Energy Administration on November 13. The program is expected to distribute subsidies of RMB 20 billion in the next two to three years, said the notice.
Of the 294 projects, 232 are expected to be small-scale on-grid PV projects with a combined capacity of 290MW belonging to large industrial and commercial companies; 27 are expected to be independent PV power projects with 46MW of total capacity in remote regions lacking electricity; while 35 will be large-scale on-grid PV projects with combined capacity of 306MW. The program has set price caps for major project equipment but has placed no limitations on purchases from local providers, the notice said.
Participating projects must complete construction within one year and apply for subsidies before November 30, according to a second announcement from the government bodies on November 16.
The "Golden Sun" project was first announced on July 21.