China to subsidize PV power units

China announced policies on Friday to ramp up support for renewable energy projects, in a bid to curb air pollution.

The National Development and Reform Commission issued new subsidy standards for distributed solar power generation projects, stipulating a 0.42 yuan (7 cents) subsidy for every kilowatt-hour of electricity produced by distributed photovoltaic, or PV, power units.

The policy is the country's first of its kind.