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 receive 800 CNY / kW. In addition, qualified provincial key construction projects will see their sea area usage fee be reduced by up to 20%.
