So­lar, wind power prices to be cut

China Daily (Hong Kong) - - BUSINESS -

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 on 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

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