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China to Cut Wind, Solar Power Prices as Construction Costs Fall

  • China eyes reducing wind tariffs by as much as 4% in 2016
  • Reductions for solar projects will be as much as 11% in 2016

China will cut the preferential rate it offers wind and solar power developers to reflect the decline in construction costs.

Tariffs for newly-built onshore wind farms will be cut by as much as 4 percent in 2016 from current levels and by another 6 percent in 2018 from 2016 tariff levels, according to a statement posted on the website of the National Development and Reform Commission. Reductions for new solar power projects will be as much as 11 percent in 2016.