Eastern China's Shanghai Municipality Wednesday released incentive financing document to support development of distributed solar energy, the Xinhua-run cnstock.com.
Medium and small-sized developers of distributed solar power projects could obtain cheaper loans with expected electricity bills and subsidies as mortgage. Each local developer could have no more than 15 million yuan of accumulative loans and single loan should not exceed 70 percent of total investment of a solar power project.
Term of such loans could be one year, three years or five years. The incentive policy would attract a number of social capital in development of solar power projects with 2.5 MW to 3 MW of single capacity, said Liu Yang, chief executive with third-party platform PV Plus.
It's estimated that internal return rate of roof-top solar PV projects in Shanghai would increase to 20.86 percent from 15.14 percent.
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