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China Boosts Subsidy-Eligible Solar Projects by 13% in 2020

  • National Energy Administration approves 26 GW for subsidies
  • Solar manufacturer shares rise on increase in approvals
China Shows Off the Transformation It Wants You to See
Photographer: Qilai Shen/Bloomberg
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China, the world’s biggest solar market, plans to subsidize 434 photovoltaic power projects with a combined capacity of almost 26 gigawatts of this year.

Shares of solar equipment manufacturers gained as the announcement from the National Energy Administration boosted subsidy-eligible solar projects over the 23 gigawatts approved last year. The increase comes even as China has been pushing subsidy-free solar projects to allow such clean energy to directly compete with coal power.