China Plans Measures to Boost Revenues for Renewable Power Companies

Wednesday, November 27, 2019

China is planning further measures designed to prioritise use of

energy from renewable power sources, aimed at improving generators’ revenues, the country’s energy body said on Monday.

A draft rule issued by the National Energy Administration will apply to non-hydropower resources, including wind, solar, biomass, geothermal and ocean power, the administration said in a statement.

Despite rapid expansion and a drastic fall in the cost of producing power, renewable firms are still struggling to produce power as cheaply as coal-fired plants.

Photo courtesy of Señor Codo.

Source: South China Morning Post (link opens in a new window)

renewable energy