China's Renewable Energy Law calls for 15% of all energy to come from renewables in 2020

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published Oct 15, 2006 12:00 AM, last modified Feb 25, 2014 02:07 PM

 

 In January 2006, NDRC released a number of regulations to support implementation of the Renewable Energy Law. The most important regulation is the 'Provisional Methods for Renewable Energy Power Pricing and Cost-sharing Management,' which adopts a feed-in tariff for power generated from biomass and other renewable sources. For biomass, the feed-in tariff is a benchmark coal-fired power tariff plus RMB 0.25 (U.S. 3.1 cents) per kWh. In contrast, for large wind farm projects, the regulation adopts a bidding approach. Experts hold different opinions toward this method. Some think that this may have an adverse impact on the stability of the wind market and will eventually hinder the development of a local wind industry.

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