02 Aug '11, 11pm

China

China has again stepped up its solar energy ambitions by implementing its first nationwide feed-in tariff incentive scheme for photovoltaic (PV) solar installations. The announcement, which came on the same day the UK cut its own solar subsidy levels , confirms that developers with solar PV projects approved before 1 July or completed by the end of the year will receive 1.15 yuan (around 11 pence) per kilowatt hour. FURTHER READING Curtain falls on solar subsidy boom Report: China to unveil plan for 17 per cent cut in carbon intensity by 2015 Meanwhile, those approved after that date will be paid 1 yuan per kilowatt-hour, according to guidelines released earlier this week by the National Development and Reform Commission (NRDC). The tariffs will apply only to those projects approved under non-competitive tenders, it added. China is already the world's largest solar panel m...

Full article: http://www.businessgreen.com/bg/news/2098838/china-heats-...

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