China to subsidize PV power units
By Zheng Yangpeng | China Daily | Updated: 2013-08-31 08:14
China announced policies on Friday to ramp up support for renewable energy projects, in a bid to curb air pollution.
The National Development and Reform Commission issued new subsidy standards for distributed solar power generation projects, stipulating a 0.42 yuan (7 cents) subsidy for every kilowatt-hour of electricity produced by distributed photovoltaic, or PV, power units.
The policy is the country's first of its kind.
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