Photovoltaic power generation project in China 20 billion yuan subsidy

Chinese Ministry of Finance last Friday that in order to accelerate the implementation of the "Golden Sun" demonstration projects to speed up the industrialization of the domestic photovoltaic power generation and large-scale development, and will arrange for 294 photovoltaic power generation demonstration projects, a preliminary estimate total project investment of nearly 20 billion yuan yuan (about 3 billion U.S. dollars).

Chinese Ministry of Finance said earlier that China's grid-connected photovoltaic power generation project in principle, by photovoltaic power generation system and its supporting transmission and distribution projects 50% of the total investment to give grants to accelerate the industrialization of China's domestic photovoltaic power generation and scale development . This will be by the Chinese Ministry of Finance, Science and Technology, National Energy Board launched a joint program called "Golden Sun" demonstration project.

Chinese Ministry of Finance Web site Friday, said publication of the notice of this grant the project the total size of installed generating 642 MW, generating about 1 billion kwh year, plans to use 2-3 years to complete.

Nov. 16, 2009