China earmarks $435 million for solar projects subsidies in 2019

China’s National Energy Administration has confirmed that it will be investing $435 million worth of subsidies into solar projects this year.

For the first time, Beijing will set a cap on solar subsidies in a bid to limit the amount of subsidised solar projects.

A draft document states that $108.62 million is to go into rooftop projects which will amount to 3.5 GW of new capacity, with the rest of the money being assigned to solar stations.

At the end of 2018, China had installed solar power stations of 174 GW capacity and had generated around 177.5 billion kilowatt-hours of electricity in the entire year.