To promote renewable energy development and utilization, optimize energy structure, ensure energy security, in accordance with the relevant laws and regulations, the Ministry released Regulation on management of the Renewable Energy Development Fund.
Subsidy cuts for solar, offshore and onshore wind (2020, although initial plans announced in 2018)
NEA) has confirmed the slashing of solar subsidies, halving (50%) the total budget allocation for solar power project subsidies to RMB1.5 billion ($214 million) for 2020, as well as the complete scrapping of subsidisation for offshore wind projects, cancelling support for new offshore wind farms in 2020, the country will also end the subsidies for onshore wind projects in 2021
( IEA/IRENA Global Renewable Energy Policies and Measures Database © OECD/IEA and IRENA, [November 2020]