China to raise subsidies for rooftop solar installations

China will increase the subsidy on power sales by rooftop solar farm developers to state-owned power distributors by up to 55%, South China Morning Post reported, citing industry executives. The consensus, reached two weeks ago and pending Beijing’s approval, is aimed at relieving financing difficulties that have hindered rooftop installations.Developers would receive a subsidy of RMB0.95 (US$0.15) to RMB1 per kilowatt-hour, equivalent to that of ground installations. Currently, rooftop projects receive a subsidy of RMB0.42 per kWh. State-owned distributors would also provide long-term commitments on behalf of end users and act as bill collection agents.