China, the world’s largest energy user, has raised solar energy subsidies this year to help expand its domestic installation market.
The country allocated RMB3 billion (US$451 million) this year, a 50% increase from last year, to subsidize solar demonstration projects under its Golden Sun program.
The mainland is offering subsidies to solar power projects under the program that began last year. The aim is to boost development of renewable energy by lowering costs and to ensure electricity supplies pass through areas where there is limited access.
The Taipei Times reported that the Ministry of Finance last month said China had selected 272 megawatts of solar projects eligible for subsidies this year.