Reported 4 months ago
China has eased restrictions on renewable power utilization in energy-rich areas to support its rapid pace of renewable installations, aiming to alleviate grid congestion and promote clean energy. This is part of a broader set of government policies released to accelerate battery storage installations, power line expansion, and clean energy manufacturing approval processes. The policies align with China's goals of reducing energy consumption and carbon emissions, although it may fall short of its energy intensity reduction targets. The news led to a rise in shares of Chinese clean energy companies, with changes in renewable power curtailment rules expected to facilitate more solar panel installations.
Source: YAHOO