China effectively cancels all subsidies for solar, wind power projects
China has effectively cancelled all subsidies for solar & wind power projects and is pegging power revenues at the same or lower levels than coal-fired plants.
Plants granted subsidies but not yet built will have a certain time to be built before subsidies are cancelled.
It appears China will be phasing out subsidies faster than the US.
Look for project volatility during phaseout periods in both China and the US.
– Mike Reed
Bloomberg Source Article: China to Start Building Subsidy-Free Solar, Wind Power Projects