September 14, 2011

SHANGHAI -- After years of simply taking advantage of overseas demand, China has taken a critical step to form its own solar market.

Since last month, project developers here can sell electricity generated from the sun to utilities at a price of about 15 cents per kilowatt-hour, a result of China's first nationwide feed-in tariff scheme for solar energy. And in some cases, depending on the timing and location of solar projects, the price is slightly higher.

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