China to end subsidies for new solar, onshore wind projects in 2021

The new rule, effective from Aug. 1, follows a drastic fall in manufacturing costs for solar and wind devices amid booming renewable capacity in China, and will ease a backlog of subsidy payments that had exceeded 400 billion yuan ($62.64 billion).

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3gbsbug