Shanghai releases 500 CNY/kW investment reward for offshore wind power projects

The 2022 Shanghai Special Fund for Energy Conservation and Emission Reduction has been released by Shanghai DRC, awarding 500 CNY/kW for projects that can meet one of the following two conditions:

  1. The project centre is located at least 50km from the shore and the project constructed in the sea area under the jurisdiction of Shanghai city
  2. Offshore wind power projects constructed in the sea area under national jurisdiction and with power consumed in Shanghai

The reward is allocated over 5 years at a rate of 20% per year. The annual reward amount for a single project shall not exceed 50 million yuan.

Share this article: