Ten billion new energy subsidies will be issued

One and a half years later, from October 2010 to April 2011, subsidies for renewable energy power generation were recently implemented, and subsidies of 11.345 billion yuan will be distributed to various renewable energy power generation companies.

On December 4, the National Development and Reform Commission and the State Administration of Electric Power issued a new phase of the notification of renewable energy price subsidies and quota trading programs for the period from October 2010 to April 2011. “Our wind power and solar energy projects have always received subsidies from the state, but there have been too many projects in recent localities, which have led to a gap in state funds.” On December 5, Liu Yingkuan, former chairman of Ningxia Power Generation Group, explained to reporters.

Ningxia Power Generation Group involved 8 projects in this subsidy, including two major categories of wind power and solar power stations, and received a total of RMB 10,431 million in subsidies. As a photovoltaic leader, GCL-Poly Energy received a total of 2158 for its 20MW photovoltaic power station in Xuzhou. Million in subsidies. According to Lu Jinbiao, vice president of Zhongneng Silicon, a subsidiary of GCL-Poly Energy, “renewable energy sources are now eating and drinking. In 2011, renewable energy sources only accounted for more than 20 billion yuan. “Only wind power costs more than 18 billion yuan.”

“After the additional adjustment of renewable energy prices (from 4 cents/degree to 8 centimeters/degree), this year's subsidy funds could reach 34 billion yuan.” Liu Wenping, vice president of photovoltaic research agency generation Asia, is optimistic about this. However, he also admitted that over 10 billion historical debts can not be ignored. The cost of operation and maintenance of separate and public renewable energy independent power systems and the cost of connecting renewable energy power generation projects.

Liu Wenping told reporters that the state subsidies are based on the on-grid electricity price of renewable energy minus the subsidy received. The prices of off-price electricity in different regions are different, such as Gansu and Ningxia at around 0.34 yuan/degree and Qinghai at 0.325 yuan/year. Degree, Hunan is about 0.5 yuan / degree, subsidies for wind power received in the west at 0.2 yuan / degree. “The price of wind power in Ningxia is uniform, and it is basically around 0.58 yuan/degree.” Liu Yingkuan said that the subsidies for wind power in the early stage are extremely stable and the state finance can pay in full, but with the rapid development of wind power, it has caused difficulties for the country’s financial resources.

Data show that by the end of 2011, China's installed wind power capacity has reached 62.364 million kilowatts, accounting for 26.24% of the world's installed capacity, ranking first in the world. "Now there is a gap between the **, only the first history of debts, but for many photovoltaic companies it is difficult to collapse." Liu Wenping said. Liu Wenping explained that although the company's photovoltaic power stations will eventually receive the country's renewable energy subsidies, “even though accounts are accounts receivable, they are not available in the short term and are insufficient to support the project’s cash flow. Many photovoltaic power plants are At the end of 2011, it was connected to the grid, but fortunately, at the end of 2013, it was able to get some of the subsidy. Theoretically there is a risk of bankruptcy.

Taking China Energy Conservation as an example, at present, it has nearly 200,000 kilowatts of photovoltaic power generation projects that have been built and operated. In 2015, the total planned installed capacity reached 2 million kilowatts, accounting for about 20% of the country's 10 million planned installed capacity. Regarding the issue of subsidies, China Energy Conservation had already reported to relevant departments before, but the effect was not good. Suntech Power, a photovoltaic giant, had its first 10MW project in Shizuishan 50MW power station project in Ningxia Province formally connected to the grid for power generation on October 1, 2009. However, it did not receive a subsidy for three years, but in this subsidy list, Suntech The Ningxia project will receive a total subsidy of 7.2 million yuan.