China subsidizes 1.5 billion on biomass in 2020

The national development and Reform Commission, the Ministry of Finance and the State Energy Administration recently jointly issued the implementation plan of biomass power generation project The projects applying for subsidies must be included in the national and provincial special plans for biomass power generation, and must be new projects of the year when all units are connected to the grid after January 20, 2020 (inclusive). In 2020, the scale of central subsidy for biomass power generation projects is 1.5 billion yuan. Since 2021, the newly included project subsidies will be jointly undertaken by the central government and local governments.

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