Reported 3 days ago
China's government is implementing new power market rules that will allow market forces to set prices for new wind and solar energy projects, potentially slowing the growth of the renewable sector while aiming to reduce consumer electricity costs. The reforms, effective from June 1, will impact energy storage providers and could lead to a rush in project completions to meet existing agreements before the changes take effect. While wind and solar installations are expected to moderate, the alterations may lead to a more stabilized energy storage market in the long run.
Source: YAHOO