The Chinese Ministry of Finance has increased the country’s renewable power subsidies for 2021 by 5 percent to CNY 5.95 billion ($905 million). According to French consultancy Enerdata, subsidies for wind and biomass projects dropped by 24 percent and 18.5 percent, respectively, to CNY 2.31 billion ($351 million) and CNY 60 million ($9 million). Subsidies for solar projects increased by 57 percent to CNY 3.38 billion ($514 million), with most of this amount directed to solar projects in Inner Mongolia, says the article.
Tags China Photon.info
Check Also
Subsidy Investigation Sent China’s EV Exports to the EU Plunging by 20%
Chinese EV exports to the European Union slumped by 19.6% in January and February 2024 …