Despite the fact that China led the world in clean energy investments last year, the Chinese government is now backing away from ambitious plans to plant megawatts of solar in the country.
A couple of weeks ago, the state-run China Securities Journal carried a similar report, saying that the funds shortage blocks the central government from introducing a feed-in tariff. Already, the government's annual subsidy for solar PV projects has hit RMB 7 billion, or more than US$1 billion, according to Wang Sicheng from China's National Development and Reform Commission, as quoted in the report.
To read the full, original article click on this link: Is China Putting the Brakes on its Solar Program? : Greentech Media
Author: Coco Liu