China unveils first batch of unsubsidized solar and wind farms

As renewable energy projects in Europe are increasingly tending toward zero-subsidy models amid plummeting green power prices, China now reveals plans to promote clean energy development without government financial support.

Photo: Vestas

China announced the first batch of clean energy projects that will be built without financial support from the government, putting renewable power on a path to compete with existing coal and gas-fired generation.

The country will develop 20.8 GW of renewable projects this year that can only profit from selling electricity into grids at prices equal to or less than coal power, according to a joint statement from the National Development & Reform Commission and National Energy Administration. That includes 14.8 GW of solar and 4.5 GW of wind capacity.

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