China to approve more solar projects
Updated: 2012-11-12 16:41
By Xie Yu(chinadaily.com.cn)
|
||||||||
Chinese authorities are to approve more domestic solar projects, to support the Chinese solar companies that are suffering from trade obstacles in the US and Europe.
The Ministry of Finance, the Ministry of Technology, the Ministry of Housing and Urban-Rural Development and National Energy Administration announced recently they will approve a new round of solar projects that have more than one gigawatt of installed capacity, Shanghai Securities News reported on Monday.
Once they get approval and install devices before next June, people using solar energy will get a subsidy of 5.5 yuan to 7 yuan ($0.88 to 1.3) per watt. Solar plants in remote areas will get a subsidy of 25 yuan per watt.
Industry profits have suffered in recent years because of a supply glut. The US and possible EU duties on Chinese solar products also put pressure on Chinese companies. Industry insiders believe developing the domestic market will be crucial to their future.
- Swiss declare Alps tamed as Gotthard rail tunnel opens
- China urges Japan to properly settle Chinese forced laborers issue
- Searching for remains of Dead Sea Scrolls
- China-US relations shouldn't be hijacked by S. China Sea issue
- To cool you off: The fountain in Washington Square Park
- Americans warned about terror risk this summer
- Performers wanted for Shanghai Disney park
- New law protects ancient villages in Southwest China's Lhasa
- Kids with HIV in Shanxi's Red Ribbon School
- Heavy rain turns Wuhan into 'seaside' city
- Photos: Little royals on the Children's Day
- Pure love: Chinese 'little prince'and his fox
- Then and now: Recreating that child-like smile
- Young teacher's heartfelt love for the students
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Chinese State Councilor Yang Jiechi to meet Kerry
Chinese stocks surge on back of MSCI rumors
Liang avoids jail in shooting death
China's finance minister addresses ratings downgrade
Duke alumni visit Chinese Embassy
Marriott unlikely to top Anbang offer for Starwood: Observers
Chinese biopharma debuts on Nasdaq
What ends Jeb Bush's White House hopes
US Weekly
Geared to go |
The place to be |