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Three ministries issued a document! 1600, 1300, 1100, the reasonable utilization hours of photovoltaic power generation have been released, and the leader is increased by 10%
Release time:
2020-10-20
On October 20, the Ministry of Finance, the National Development and Reform Commission, and the National Energy Administration jointly issued a supplementary notice concerning "Several Opinions on Promoting the Healthy Development of Non-Hydropower Renewable Energy Power Generation." The notice states that the reasonable utilization hours for the entire life cycle of photovoltaic power generation projects in Class I, II, and III resource zones are 32,000 hours, 26,000 hours, and 22,000 hours, respectively. The reasonable utilization hours for the entire life cycle of photovoltaic power generation projects identified as national leading runner base projects and bidding projects of 2019 and 2020 are increased by 10% based on the hours in their respective resource zones.
On October 20, the Ministry of Finance, the National Development and Reform Commission, and the National Energy Administration jointly issued a supplementary notice concerning the "Opinions on Promoting the Healthy Development of Non-Hydro Renewable Energy Power Generation." The notice indicates that the reasonable utilization hours for the entire life cycle of photovoltaic power generation projects in Class I, II, and III resource areas are 32,000 hours, 26,000 hours, and 22,000 hours, respectively. The reasonable utilization hours for the entire life cycle of projects in the national photovoltaic leader base and the 2019 and 2020 bidding projects will be increased by 10% based on the hours in the corresponding resource area.
Original text is as follows:
Supplementary Notice Concerning Matters Related to the "Opinions on Promoting the Healthy Development of Non-Hydro Renewable Energy Power Generation"
Cai Jian [2020] No. 426
To the Finance Departments (Bureaus) and Development and Reform Commissions and Energy Bureaus of each province, autonomous region, and municipality directly under the Central Government; the Finance Bureau and Development and Reform Commission of the Xinjiang Production and Construction Corps; State Grid Corporation of China; China Southern Power Grid Co., Ltd.:
To promote the high-quality development of renewable energy, in January 2020, the Ministry of Finance, the National Development and Reform Commission, and the National Energy Administration issued the "Opinions on Promoting the Healthy Development of Non-Hydro Renewable Energy Power Generation" (Cai Jian [2020] No. 4, hereinafter referred to as Document No. 4), clarifying the settlement rules for renewable energy electricity price surcharge subsidies (hereinafter referred to as subsidy funds). To further clarify relevant policies and stabilize industry expectations, the following supplementary notice on subsidy funds is hereby issued:
I. Reasonable Utilization Hours of Projects
Document No. 4 specifies that the amount of central government financial subsidies for renewable energy power generation projects is determined according to the reasonable utilization hours. To ensure reasonable returns on existing projects, based on factors such as the total life cycle generation hours at the time of price determination, the reasonable utilization hours for the entire life cycle of various projects are now determined as follows:
(I) The reasonable utilization hours for the entire life cycle of wind power projects in Class I, II, III, and IV resource areas are 48,000 hours, 44,000 hours, 40,000 hours, and 36,000 hours, respectively. The reasonable utilization hours for the entire life cycle of offshore wind power are 52,000 hours.
(II) The reasonable utilization hours for the entire life cycle of photovoltaic power generation projects in Class I, II, and III resource areas are 32,000 hours, 26,000 hours, and 22,000 hours, respectively. The reasonable utilization hours for the entire life cycle of projects in the national photovoltaic leader base and the 2019 and 2020 Bidding projects will be increased by 10% based on the hours in the corresponding resource area.
(III) For biomass power generation projects, including agricultural and forestry biomass power generation, garbage incineration power generation, and biogas power generation projects, the reasonable utilization hours for the entire life cycle are 82,500 hours.
II. Subsidized Electricity of Projects
Subsidized electricity for the entire life cycle of a project = project capacity × reasonable utilization hours for the entire life cycle of the project. The project capacity shall be based on the capacity determined at the time of approval (filing). If the actual capacity of the project is less than the approved (filed) capacity, the actual capacity shall prevail.
III. Subsidy Standard
For projects included in the renewable energy power generation subsidy list in accordance with the "Management Measures for Renewable Energy Electricity Price Surcharge Subsidy Funds" (Cai Jian [2020] No. 5, hereinafter referred to as Document No. 5), the electricity generated within the total life cycle subsidized electricity will be subsidized according to the on-grid electricity Price. The subsidy standard = (Benchmark on-grid electricity Price of renewable energy (including on-grid electricity Prices determined through Bidding and other competitive methods) - local coal-fired power generation on-grid benchmark Price) / (1 + applicable value-added tax rate).
Before exceeding the reasonable utilization hours for the entire life cycle of the project, subsidies will be provided based on the actual electricity generation of the renewable energy power generation project in that year.
For projects included in the renewable energy power generation subsidy list in accordance with Document No. 5, the portion of electricity generated exceeding the total life cycle subsidized electricity will no longer receive central government financial subsidies, and green certificates will be issued to allow participation in green certificate trading.
For projects included in the renewable energy power generation subsidy list in accordance with Document No. 5, wind power and photovoltaic power generation projects will no longer receive central government financial subsidies after 20 years from the date of grid connection, and biomass power generation projects will no longer receive central government financial subsidies after 15 years from the date of grid connection, regardless of whether the project has reached the total life cycle subsidized electricity. Green certificates will be issued to allow participation in green certificate trading.
IV. Strengthening Project Verification
The National Development and Reform Commission, the National Energy Administration, and the Ministry of Finance will organize verification of relevant matters concerning subsidized projects. Among them, the Price authorities will be responsible for verifying the determination and implementation of electricity Prices; the power grid enterprises will be responsible for verifying the approval (filing) and capacity of projects; the energy authorities will be responsible for formulating relevant verification standards; and the financial authorities will be responsible for verifying the payment of subsidies.
Power grid enterprises shall establish an information-based data platform to continuously monitor the operation of access renewable energy power generation projects, including installed capacity, power generation, and utilization hours, and track and analyze electricity charges and subsidy settlements to ensure that project information is true, valid, and compliant with national Price, project, and subsidy management measures.
(I) When a project is included in the renewable energy power generation subsidy list, the project owner shall declare the actual capacity of the project. If it is found in the verification that the declared capacity does not match the actual capacity, the subsidy funds will be reduced by twice the inconsistent capacity.
(II) Power grid enterprises shall pay subsidy funds according to the determined project subsidy electricity and subsidy standards. If it is found in the verification that the funds are paid exceeding the standard, the power grid enterprises shall bear the responsibility themselves.
This is hereby notified.
Ministry of Finance National Development and Reform Commission National Energy Administration
September 29, 2020
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