Guangdong province of China to provide subsidies for offshore wind

Guangdong province in southern China has outlined plans to provide subsidies for offshore wind power projects. The target projects for the subsidies were approved in 2018 and are expected to become operational between the years 2022 and 2024. Based on the timeline of connection to the grid, the subsidy grants fall in the range equivalent to $78.16 and $234.47 per kW of installed capacity. Projects which get connected earlier are entitled to higher subsidies.

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