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Renewable Energy Tariffs in China
The Peoples Republic of China passed a Renewable Energy Law in early March 2005. The passage of the Renewable Energy Law marks a turning point for China and emphasizes that renewable energy tariffs are useful to countries wanting to develop their own domestic manufacturing industries.
For more on developments in China contact the Center for Resource Solutions by phoning +415 561 2100 or the Lawrence Berkeley National Laboratory's Ryan Wiser at +510 486 5474.
- China doubles surcharge for renewable energy--The move to raise the surcharge rate has considerably boosted the medium-term outlook for solar in China and led to notable stock market jumps for Suntech, JA Solar, Yingli Green and several other Chinese PV firms. Increased developer confidence will also spark further growth downstream, helping the country move closer to achieving its long-term renewable goals. . .
- SF Chronicle: China to Reach Same Level as the US in 2011, Says Solarbuzz--According to the report, 195 projects, with a total capacity of over 1.8 GW, will be installed within 2011. That installed capacity in China will closely match the installed capacity in the US this year. Stimulated by the Qinghai 930 program as well as unified national feed-in tariff (FIT) policy, 54% of the capacity in megawatt terms will be located in the northwest region. . .
- NYT: China Uses Feed-In Tariff to Build Domestic Solar Market--After years of simply taking advantage of overseas demand, China has taken a critical step to form its own solar market. Since last month, project developers here can sell electricity generated from the sun to utilities at a price of about 15 cents per kilowatt-hour, a result of China's first nationwide feed-in tariff scheme for solar energy. And in some cases, depending on the timing and location of solar projects, the price is slightly higher. . .
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Suntech: China Readies for Solar Feed-in-Tariff--They only need to look at the success of the country’s wind energy feed-in-tariff in 2009, which led to the explosive growth of its wind energy industry. . . Suntech welcomes this initiative, as it will provide a strong boost to the solar energy industry growth and profitability. These are the types of clear and consistent policies that will help the solar industry achieve grid parity in 50% of world markets by 2015. . .
- Financial Times: China Offers Solar Feed-in Tariff--China has announced its first nationwide feed-in tariff for solar projects in a step that underscores the determination of the world’s biggest energy user to move toward renewable energy. . .
- Bloomberg: China Sets Solar Power Price to Boost Profits, Investment--“This feed-in tariff is much higher than the prices from China’s first two rounds of bidding,” Luo Lu, an analyst at Bloomberg New Energy Finance, said in Beijing. “At current costs, this guarantees margins and will encourage more companies to participate in the industry.” . .
- A New Revolution: China Hikes Wind and Solar Power Targets--For solar PV and solar thermal power projects, a feed-in tariff, based on the principle of reasonable production cost plus reasonable profit, is set by the pricing department of the State Council once a solar power project has been approved. . .
- China Launches Differentiated Wind Energy Tariffs--China has instituted a new system of differentiated wind energy tariffs based on four wind energy zones. The move is the first in Asia since South Korea implemented a feed-in tariff program in 2005. China now joins a growing list of developing countries with feed-in tariffs, including South Africa and Mongolia. . .
- China will have solar feed-in tariff in place in 2009--The Chinese government is readying a feed-in tariff (FIT) for utility-scale solar plants that will dwarf the country's previous solar subsidies, and drive a wave of investment into the sector, according to Suntech. . .
- GWEC Calls for Feed-in Tariffs in China (2009)
- News account of China's passage of its landmark Renewable Energy Law
- The Renewable Energy Law The People's Republic of China (Full Text)
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