China may introduce a new policy designed to encourage the development of small solar projects by reducing subsidies for large solar parks.
Bloomberg reports that Meng Xiangan, vice chairman of the China Renewable Energy Society in Beijing, has stated that the government could restructure its solar subsidy system and eliminate one-time incentives for all projects. A new subsidy based on power production would be provided to low-voltage solar projects under approximately 6 MW that provide power in areas with electricity shortages.
The new policy is expected to give the government more capability to monitor solar project quality and production.
