China has adopted an amendment to its renewable energy law that requires electricity grid companies to buy all the power produced by renewable energy generators. The amendment directs the country's state council energy department and state power regulatory agency to supervise the purchases.
Power enterprises that refuse to buy power produced by renewable energy generators will be fined an amount up to double that of the economic loss of the renewable energy company, according to the amendment. The new rule was approved by lawmakers at a five-day meeting of the National People's Congress standing committee.
A national plan on renewable energy development issued in 2007 set a target to increase renewable resources to supply 15% of China's total energy consumption by 2020. Statistics show that renewable resources supplied 9% of the country's total energy consumption last year.