China Relaxes Solar Subsidy Program

Chinese regulators have proposed easing a major solar power subsidy policy announced last year, according to the nation’s main industry group, a move that would partially reverse rules that undercut demand in the world’s biggest user and shook the global market.

Policy makers are starting approvals again for utility-scale, ground-mounted projects that receive subsidies, which were halted in June 2018, the China Photovoltaic Industry Association said on its Wechat account Feb. 18, citing a meeting between the National Energy Administration and companies.

As part of the renewed approvals, developers of these large projects, as well as those for industrial use, ...