Last week the Chinese National Energy Administration (NEA) revealed the winners of its feed-in tariff (FiT) auction. The competitive tender is the replacement to the old FiT, which was halted as part of the 531 New Deal process in May 2018. In total, just short of 23GW of projects have been awarded. Using the NEA data, along with other publicly available numbers and with some companies adjusting the final tallies, PV Tech can present the top ten winners from the tender, arranged by capacity awarded. Companies were invited to bid for a premium over and above the benchmarked electricity price in the province where a potential project is based. The lowest price across all the awarded projects was RMB0.2795/kWh, just over US$0.04. Additional reporting by Carrie Xiao This data is for illustrative purposes only and could be subject to a small degree of error. PV Tech has attempted to confirm these figures with the winners as much as possible. A Sungrow project in China. Source: Sungrow Tags: china, investment, finance, pv power plants, solar tender, 531 new deal
china has awarded almost 23 GW of solar projects in a new feed-in tariff auction. Chinese State Power Investment was awarded the highest level of capacity, at 1.7 GW, followed by Sungrow at 1.6 GW and china General Nuclear Power at 760 MW.