China launches subsidy-free solar, wind power after project costs fall
The Economic Times | January 10, 2019
China will launch a series of subsidy-free wind and solar projects this year to take advantage of a rapid fall in construction costs since 2012 and tackle a gaping payment backlog, the country's top planning agency said on Thursday. Last year, the government was forced to suspend all new subsidised solar capacity approvals after a record 53-gigawatt capacity increase in 2017 left it with a backlog of at least 120 billion yuan ($18 billion) in subsidy payments.