CHINA LAUNCHES SUBSIDY-FREE WIND AND SOLAR POWER
On January 10, China's top planning agency announced plans to launch a series of subsidy-free wind and solar projects this year to address an $18 billion payment backlog. The projects will generate renewable power for sale at the same prices as non-subsidized coal-fired power plants and will not be required to comply with capacity quota restrictions. According to the National Development and Reform Commission, the new policy will further boost income from solar projects by cutting land costs and promoting new market mechanisms like green certificate trading. For the full story, see https://uk.reuters.com/article/us-china-energy-renewables/china-launche….