China trials wind and solar certificate scheme in move away from feed-in tariffs

Facebook
Twitter
LinkedIn
Reddit
Email
The scheme is intended to reduce the volume of FiT payments. Source: United PV.

China will trial a green energy certificate trading scheme as it looks to reduce its exposure to feed-in tariff (FiT) payments.

The National Development and Reform Commission (NDRC) has revealed that a nationwide pilot will begin in 2018 for onshore wind and solar projects only. A green electricity certificate will be generated for each MWh of electricity produced. These will then be auctioned with payment replacing any FiT payments.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The NDRC said the new voluntary system would “help promote the efficient use of clean energy and reduce direct subsidies” to the benefit of the national economy.

The certificates will then act as proof of green electricity consumption for the buyer. Beijing will encourage government bodies, private companies, institutions and individuals to voluntarily subscribe to clean power use.

Grid utility companies would oversee the scheme.

Read Next

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece