China unveils first batch of unsubsidized solar and wind farms

As renewable energy projects in Europe are increasingly tending toward zero-subsidy models amid plummeting green power prices, China now reveals plans to promote clean energy development without government financial support.
Photo: Vestas
Photo: Vestas
BY BLOOMBERG NEWS

China announced the first batch of clean energy projects that will be built without financial support from the government, putting renewable power on a path to compete with existing coal and gas-fired generation.

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