According to the “Announcement of State Grid Co., LTD., on the allocation of additional subsidy funds for renewable energy electricity price in 2021” issued on December 31.

the state grid co., LTD. (hereinafter referred to as the” company “) will be allocated the central fund according to the principle and order as below.

1. Principles and order of allocation of subsidy funds

The company will strictly adhere to rules issued by the Ministry of Finance. After receiving the allocated funds, the company will subsidize on time and sufficiently to the projects that are included in the directory listing and meet the conditions. The specific principles shall be subject to the announcements of provincial power companies.

2. General situation of subsidy funds in 2021

In 2021, the Ministry of Finance issued a total annual budget of 76.100,73 billion yuan as the additional subsidy funds for renewable energy electricity price to the company, including 26.346,613 billion yuan for wind power, 45.27,188 billion yuan for solar power, and 4.48,272 billion yuan for biomass power.

Source: ESCN