China is reducing the amount of
money it pays to newly completed solar and wind power generators for their
electricity, in order to reflect declines in construction costs, the country’s
price regulator and economic planner said Monday.
The nation will cut tariffs paid
to solar farms by as much as 19 percent in 2017 from this year’s levels, and by
as much as 15 percent for wind mills in 2018 from current prices, according to
a statement posted on the National Development and Reform Commission’s website.
The changes will help reduce subsidies paid to new photovoltaic and wind power
projects by about 6 billion yuan ($863 million) annually, the NDRC said.
The move comes as average solar
panel prices have tumbled about 30 percent this year, according to data from
Bloomberg New Energy Finance, resulting in a lowering of the bids that solar
developers offer to build projects. Prices of wind turbines also fell in 2016,
according to London-based BNEF.
China will also encourage local
authorities to continue making use of auctions to select renewable energy
developers, in order to further lower power prices, according to the NDRC.
Reductions to renewable power
prices will be smallest in regions in China that have the calmest wind and the
weakest solar radiation, according to the NDRC. These areas are also where
people or industries make use of more electricity, it said.
No hay comentarios:
Publicar un comentario