Policy

China’s Ministry of Finance announces CNY 4.71 billion budget for 2023 renewable power subsidies

China’s Ministry of Finance issued the ” Notice of the Ministry of Finance on the Subsidy Budget for the Renewable Energy Electricity Prices in 2023″. According to the document, wind power will receive CNY 2.046 billion, photovoltaic CNY 2.58 billion, and biomass CNY 84.25 million. In total, the subsidy budget amounts to CNY 4.71 billion …

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Zhejiang to subsidize hydrogen refuelling stations up to 20% of equipment investment

The ‘promotion and application of new energy vehicles in Jiaxing City for 2022’ policy was released by Jiaxing city’s local DRC. The document states that, social public EV charging stations will enjoy subsidies of no more than 15,000 CNY (USD 2000) per charging pile; hydrogen refueling stations (fixed) will receive 20% of the actual equipment …

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Shanghai to explore application of hydrogen fuel cells in trucks and ships

The implementation plan for Shanghai to ‘promote the development of multimodal transport, optimize and adjust the transport structure’ was released by the Shanghai government. The plan will encourage: to actively explore the multi-scenario and multi-field commercial demonstration applications of hydrogen fuel cells and strive to achieve breakthroughs in the field of clean energy for heavy-duty …

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Shantou city targets 3.5 GW renewable energy installed capacity by 2025

The Shantou (Guangdong province) energy 14th FYP was released by the city’s local government. During the14th FYP period, the Shantou government will develop solar energy, biomass, wind, and hydro with a focus on distributed solar. By 2025, the government aims for solar and offshore wind installed capacity of 2GW and 940MW, respectively. (BJX)