China’s Renewable Auction Highlights Tough Road Ahead for Solar Developers
China’s first provincial renewable energy auction under a new pricing system has raised concerns for solar developers. In Shandong province, winning bids for solar cleared at just 225 yuan (about US$31.58) per megawatt-hour, with offers ranging from as low as 123 yuan to 350 yuan. Under the reformed rules introduced in February, renewable projects no […]
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