China aims to boost revenue for renewable power firms

BEIJING (Reuters) – China plans to make power purchasers take fair returns into account when buying electricity from renewable power generators, according to a draft rule issued by the National Energy Administration on Monday aimed at improving their revenues.

The draft rule will apply to non-hydropower resources, including wind, solar, biomass, geothermal and ocean power, the energy body said in a statement. Continue reading “China aims to boost revenue for renewable power firms”

China Prepares Safeguards Against Wasting Renewable Energy

Beijing is drawing up plans for a new “safeguard mechanism” to guarantee minimum levels of regional renewable energy consumption, in a bid to stop so much of the country’s solar, wind and hydropower from going to waste.

China leads the world in solar and wind capacity, but much of the power generated never gets used due to a lack of coordinated planning with the power grid and provincial-level governments, which are often under pressure to support other local generators such as coal plants. Continue reading “China Prepares Safeguards Against Wasting Renewable Energy”