China lacks funds to subsidize renewable energy

The China government is short of the funds required to subsidize generation of renewable energy, mainly PV and wind power, with the gap reaching a cumulative amount of CNY55 billion (US$8.27 billion) at the end of June 2016 and is estimated to increase to CNY60 billion by the end of the year, China-based media cited the National Development and Reform Commission (NDRC) as indicating.

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