China Eases Rules That Could Slow World-Beating Solar Boom
- Changes in State Council’s action plan released on Wednesday
- Allows more renewables in areas where grid is crowded
China has seen increased curtailment this year after shattering records for solar and wind installations in 2023.
Photographer: Andrea Verdelli/BloombergThis article is for subscribers only.
China has allayed fears that growing grid congestion could tap the brakes on its record pace of renewable installations, by relaxing limits on how much renewable power can be utilized in energy-rich areas.
The move is one of a number of government policies released on Wednesday designed to promote clean energy. Others include speeding up battery storage installations and accelerating the build-out of power lines. Beijing has also called for a more rigorous approval process for some clean energy manufacturing amid excess capacity that’s slashed corporate profits.