China's biggest subsidy-free solar farm powers up in Liaoning
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BEIJING] A unit of China's State Power Investment Corp (SPIC) has brought online a 500-megawatt solar farm in the north-eastern province of Liaoning, the nation's biggest subsidy-free solar project.
The plant in Chaoyang city began construction in June and was connected to the grid on Dec 24, according to a statement on SPIC's website Tuesday. It's built and operated by China Power International Development Ltd.
The development belongs to the first batch of clean energy projects to be operated without subsidies in China, which includes 14.8 gigawatts of solar capacity. These projects will compete on their own against traditional coal and natural gas-fired plants.
The Liaoning project has a total investment of about 2.9 billion yuan (S$561.2 million). There are another two 500-megawatt solar farms being developed in the provinces of Heilongjiang and Jiangsu that will not receive financial support from the government, according to a list published by the National Development & Reform Commission and National Energy Administration.
BLOOMBERG
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities