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More Generous FiT Policy Released in China Driving More CSP Projects to be Built

Reported from CSPPLAZA: According to sources,the reduced FiT policy of China’s first batch of CSP demonstration projects will face adjustment,according to the FiT policy the CSP demonstration projects putting into operarion by December 31th,2018 will enjoy the price of yuan1.15/kWh,3 project with total capacity of 200MW has achieved this qualification.

But there are more projects who havn’t finished are left unsupport, after long time’s discussion,the reduced FiT policy will be released soon, the project finished from  January 1, 2019 to December31, 2020 will enjoy the price of 1.14 yuan/kWh; those finished from January 1, 2020 to the end of 2020 will enjoy1.10 yuan/kWh.

The previously draft about CSP on-grid price reduced FiT policy was once considered to be implemented in four gradients: 1.15 yuan/kWh (connected to the grid before the end of 2018), 1.14 yuan/kWh (connected to the grid before June 30, 2019), 1.12 yuan /kWh (connected to the grid before the end of 2019), 1.07 yuan / kWh (connected to the grid before the end of 2020). In comparison, the new policy which will be conducted is more leniently, it will be a great push of the CSP industry. Therefore, it is manifested that government has attached support and attention to CSP industry.

The reduced FiT policy is expected to be officially released soon. How will the final electricity price policy be? Please follow CSPPLAZA to get more information.

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