According to details compiled and published by the Global Times newspaper, the government will subsidise 50% of the costs of building a solar power project and transmitting and distributing the solar power generated. The incentive would cover up to 70% of PV projects in remote areas without connections to the grid, although the central government has called on local and regional governments to subsidise solar energy projects as well.
The generation of clean energy to tackle climate change clearly figured on the agenda of Barack Obama’s visit to Peking and the US president’s meetings with his counterpart, Hu Jintao. Additionally, this week both presidents have announced significant new targets to cut carbon dioxide emissions in their countries, underlining their clearly commitment to achieving a meaningful agreement at the 2009 United Nations Climate Change Conference in Copenhagen next month.
One of the main agreements reached during Obama’s visit to China was the entry of the Chinese firm Suntech Power Holdings, the leading solar panel manufacturer in China, into the US market with the development of a plant close to Phoenix (Arizona). According to the Xinhua news agency, this agreement will make the Chinese solar giant the first Chinese clean tech company to invest in the US. Suntech has announced that the new plant will have a capacity of 30 MW and will start production in the third quarter of 2010.
For additional information:
