14th FYP

Shandong will grant subsidies for offshore wind and offshore solar

14th FYP, Offshore Wind, Policy, Solar

The Shandong Provincial Government has released the “2022 “Stability and Progress” High-quality Development Policy List (Second Batch)”. Subsidies for both offshore wind and offshore floating solar will be distributed. Such projects will be able to receive a grant proportional to their capacity and grid connection year. For instance, offshore wind projects connected in 2022 will …

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China ministries publish the 14th fyp for the petrochemical industry

14th FYP, Fossil fuels, Hydrogen, Policy

MIIT, NDRC, NEA, and 3 other authorities jointly issued the guiding opinions on promoting the high-quality development of the petrochemical and chemical industry during the “14th Five-Year Plan”. The plan notably aims to: Significantly reduce the energy consumption and carbon emissions per unit of bulk products and reduce the total volatile organic compound emissions by …

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Pumped hydro storage will be a key priority for the Chinese government during the 14th FYP

14th FYP, Policy, Pumped hydro storage

The NDRC and the NEA jointly issued a notice to ‘Accelerate the development and construction of pumped storage projects during the “14th Five-Year Plan” period’. The plan states that accelerating the development of pumped hydro storage is important for the construction of a new power system with a high share of renewable electricity. The development …

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Shandong province publishes its 14th FYP for renewable energy

14th FYP

Shandong government recently issued the ‘14th Five-Year Plan for Renewable Energy Development in Shandong Province’. By 2025, the province’s renewable energy installed capacity is planned to reach more than 90 GW, double that of 2020. Wind power is expected to reach 25 GW, solar 57 GW, biomass 4 GW, and hydropower (including pumped storage) 4 …

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