China tells grid to pay overdue renewables subsidies

China has ordered its grid companies to pay developers outstanding subsidies owed for renewable energy generated two years ago.

Payment of the subsidies – a fixed amount allocated on top of the regular tariff for coal power-generated electricity – has ground to a halt in some provinces since October 2010, contributing significantly to mounting receivables at China’s major wind farm operators.

In a statement dated 26 November and posted online this week, the National Development and Reform Commission (NDRC), China’s chief economic policymaking body, requires that grid companies pay subsidies for the period from October 2010- April 2011 within 10 working days.

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