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2017-02-03 19:01:00

CHINA'S RENEWABLE ENERGY

CHINA'S RENEWABLE ENERGY

REUTERSChina will launch the trading of green certificates for solar and wind power on July 1 in a bid to help reduce government subsidies to the renewables sector, the National Development and Reform Commission (NDRC) said.

In a pilot program, the NDRC said solar and wind producers would be issued tradeable certificates, proving that electricity has been generated through renewable energy sources.

Renewable energy users such as private and state businesses would be encouraged to buy the certificates, which would then entitle them to an unspecified payment. Each certificate would represent 1 megawatt hour of power, the NDRC said.

Solar and wind power producers who had sold their certificates would no longer receive a direct subsidy for electricity production, it said, without giving further details.

The NDRC said it would monitor the pilot program and could launch a mandatory green certificate scheme in 2018.

Renewable energy makes up about 11 percent of China's energy consumption, with producers granted heavy subsidies.

China said last month it would cut the guaranteed subsidized prices paid for electricity supplied to its national grid by newly built large-scale solar power plants and onshore wind turbines starting Jan. 1.

The NDRC said the change reflected the decreasing cost of renewable energy production and would reduce the burden of state investment in the sector.

 

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Earlier: 

SAUDI'S RENEWABLE INVESTMENT: $50 BLN 

LETTERONE IS LOOKING 

BRITAIN'S RENEWABLE: 15% 

ASIAN GROWTH IS GLOBAL 

SAUDI'S RENEWABLE: 9.5 GW 

RENEWABLE ENERGY: GROWING RISKS

 

 

 

Tags: CHINA, RENEWABLE, ENERGY

Chronicle:

CHINA'S RENEWABLE ENERGY
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S.KOREA'S DIVERSIFICATION

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CHINA'S RENEWABLE ENERGY
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ADNOC'S 2030 STRATEGY

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CHINA'S RENEWABLE ENERGY
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TOSHIBA SELLS WESTINGHOUSE

WNN - Under the terms of the assignment and purchase agreement it has signed with Nucleus and Brookfield, Toshiba will sell its rights to assert claims against Westinghouse related to the parent guarantees in the amount of $5.788 billion, and on account of other claims Toshiba holds against Westinghouse in the amount of $2.284 billion to Nucleus, for the sale price of $2.160 billion.

CHINA'S RENEWABLE ENERGY
2018, January, 17, 23:50:00

OIL PRICES: NOT ABOVE $70 YET

REUTERS - Brent crude futures LCOc1 were at $69.23 a barrel at 0808 GMT, up 8 cents from their last close, but down from a high of $69.37 earlier in the day. Brent on Monday rose to $70.37 a barrel, its highest since December 2014, the start of a three-year oil price slump. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.84 a barrel, down from a high of $63.89 earlier, but up 11 cents from their last settlement. WTI hit $64.89 on Tuesday, also the highest since December 2014.

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