China Launches Solar PV Roof Plan with 20 Yuan/watt-peak Subsidy

China's Ministry of Finance and Ministry of Housing and Urban-Rural Development have jointly launched a solar photovoltaic (PV) roof plan, granting a 20 yuan/watt-peak subsidy to eligible solar PV projects. The subsidy can cover more than 30 per cent of the cost, with a total budget of 400 million yuan (US$ 58.6 million) allocated by the central government for renewable energy sector this year. This initiative aims to prompt energy saving in buildings, accelerate solar PV industrial development, and stimulate domestic demand by adjusting the industry pattern.

Key Takeaways:

• The solar PV roof plan provides a 20 yuan/watt-peak subsidy to eligible projects, with the total budget limited to 400 million yuan (US$ 58.6 million) this year.
• The subsidy can cover more than 30 per cent of the project cost, with a maximum of 20 MW of solar PV projects that can be financed.
• Priorities will be given to building-integrated photovoltaics (BIPV) projects, on-grid solar PV application projects, and solar PV projects with schools, hospitals, governmental institutions, and public buildings.
• To be eligible, solar PV projects must have a single installed capacity exceeding 50 kWp, with specific conversion efficiency requirements for different types of PV products.
• The subsidy standard will be adjusted annually, with varying standards depending on different conditions.

Statistics:

• 400 million yuan (US$ 58.6 million) allocated for renewable energy sector this year
• 20 yuan/watt-peak subsidy for solar PV projects
• 30 per cent of project cost covered by subsidy
• 20 MW maximum capacity of solar PV projects that can be financed
• 50 kWp minimum installed capacity for eligible projects

Sources:

• WRAP China
• Beijing, March 30 (Asia Pulse)

Note: The source (XIC) mentioned in the original text does not contain a date, therefore, no date is added.