A major policy change this week is Beijing’s suspension, for now, energy storage new-build plant based on recycled EV batteries. The suspension is seen as Beijing’s reaction towards the BESS station explosion a month ago. (See China Clean Energy Syndicate Issue 59, April 19)
However, we will like to point out that there are several policy shakeups announced in the past months regarding energy storage pricing, safety operation and grid access. The active shakeup indicates Beijing’s intention to promote the area. Be aware.
Other highlights of the Chinese clean energy market last week include:
- Green Bonds: China Development Bank set aside ¥500 b in loans to finance renewable and hydrogen, while PBoC said it needs to be much more green loan allocated to support clean energy investment.
- Hydrogen: series of major cooperation deals were announced this week including Sinopec and Trina Solar in terms of PV-to-Gas; meanwhile, the first regional FC ship targets is unleashed.
Please scroll down for the 9 updates.
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Be Aware of the Major Energy Storage Policy Changes –China Clean Energy Syndicate