China FIT

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.

“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.”

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.

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 has instituted a new system of differentiated wind energy tariffs based on four wind energy zones. The move … Read more

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.

  An editorial in the British magazine “Nature”, noted that the Global Wind Energy Council (GWEC), Chinese Renewable Energy Industries … Read more

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