SPI Energy receives first subsidy payment for its solar PV plant in Gonghe County, Qinghai Province, China

SPI Energy Co., Ltd. (Shanghai, China) on December 1st, 2016 announced that the Company's 10 MW solar photovoltaic (PV) power plant located in Gonghe County, Qinghai Province has received approximately RMB 20 million (approx. USD 2.9 million) subsidy towards partial payment of the accrued renewable energy tariff period till April 2015.

The Gonghe Plant was connected to grid in December 2013 and successfully registered into the sixth batch of the Renewable Energy Tariff Subsidy Catalogue which was issued by the Ministry of Finance, National Development and Reform Commission and National Energy Administration and released on September 23rd, 2016.

We expect the Gonghe Plant to receive future subsidies payable on a regular basis according to the Catalogue so long as it continues to meet the Catalogue's eligibility requirements,” commented Xiaofeng Peng, Chairman and Chief Executive Officer of SPI Energy.

 

2016-12-02 | Courtesy: SPI Energy Co., Ltd. | solarserver.com © Heindl Server GmbH

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