Policy and Industry Dynamics
Policy and industry dynamics
On Apr. 22, 2016, the National Energy Administration issued an important notice, i.e., Letter of the Comprehensive Department under the National Energy Administration about Soliciting Opinions on the Establishment of Requirements Related to the Quota Assessment System for the Power Generation of Coal-fired Thermal Units with Non-hydro Renewable Energy Sources. The document required that the Power Generation Business Permit of any coal-fired power generation enterprise that does not meet the quota (15%) requirement of non-hydro renewable energy sources shall be revoked.
This policy will greatly boost the development and real industrial rise of renewable energy sources, such as photovoltaic energy, wind power, etc.