Project focus: China to subsidize 294 solar power plants
Nov 16, 2009
- Syanne Olson - PV-tech.org
has chosen 294 solar power projects, which will produce a total generation capacity
of 642MW, for its first pilot program wherein it will subsidize at least half
of the investment cost. Reuturs.com reports that the expected total cost will
be around 20 billion Yuan and should be in production within the next two to three
years as stated by the Chinese Ministry of Finance.
232 of the projects
will have a 290MW capacity and be constructed by industrial and commercial firms
with the output consumed by them. 27 PV projects, with a capacity of 46MW, are
to be built in regions that currently have no power supply and will be able to
generate enough power for 300,000 residents in the regions. The final 35 projects
will total 306MW and will be utility-scale plants with the power output being
fed into grid networks.
The Ministry said it would subsidize 50% of the
investment for the solar projects as well as relevant power transmission and distribution
systems that connect the grid networks. They also arranged specific price and
quality requirements for parts and components for the qualified projects.
concluded that China will be raising its 2020 solar power generation target to
10GW and with incentives, over 2GW in new solar capacity could be installed by