renewable energy project

From the standpoint of a renewable energy project developer, the key components of the law itself are:

the establishment of a renewable energy target system which starts at the national level and eventually works its way down to individual energy-production entities;
a mandate that China’s state power grid companies purchase, favorably dispatch, and build transmission lines to renewable power sources and gasoline wholesale companies purchase liquid bio-fuels;
general guidance on establishing purchase prices for renewable energy that are based on the principles of benefiting renewable energy development and being economically reasonable; and
a description of the types of fiscal and tax incentives that will be developed to support the renewable power industry and specific projects.
As to the first point, the Plan provides specific 2010 and 2020 targets for a host of renewable energy types. It sets forth as a “Guiding Principles” (section 2) the “speed[ing] up [of] the development and deployment of hydropower, wind power, solar energy, and biomass energy.”