China sets 2022 renewable power subsidy at US$607 million
FILE PHOTO: Workers walk at a solar power station in Tongchuan, Shaanxi province, China December 11, 2019. Picture taken December 11, 2019. REUTERS/Muyu Xu/File Photo
BEIJING : China's finance ministry has set the 2022 renewable power subsidy at 3.87 billion yuan (US$607.26 million), state television said on Tuesday.
The ministry will allocate 1.55 billion yuan to wind farms, 2.28 billion yuan to solar power stations and 38.24 million yuan to biomass power generators.
(US$1=6.3729 Chinese yuan renminbi)
(Reporting by Muyu Xu and Shivani Singh; Editing by Clarence Fernandez)
Source: Reuters
