Home > Industry information > Authoritative interpretation! Yi Yuechun talked about the wind power and photovoltaic support policies of the five ministries and commissions

Authoritative interpretation! Yi Yuechun talked about the wind power and photovoltaic support policies of the five ministries and commissions

2021.03.13
WindDaily WeChat public account

Yi Yuechun believes that in the first year of the "14th Five-Year Plan", a number of financial support policies were jointly proposed to coordinate energy, finance, finance and other fields, aiming to solve the pain points and difficulties faced by the current development of the industry, inject vitality into the development of new energy industries such as wind power and photovoltaic in the new era, and provide an important guarantee for promoting the green and low-carbon transformation of China's energy and achieving the "30·60" carbon peak and carbon neutrality goals. Specifically, it will play an important role in the following aspects.

First, it reflects the country's goal-oriented, problem-oriented, enterprise bailout, support and promote the healthy and sustainable development of the industry. In recent years, China's wind power and photovoltaic and other new energy sources have developed rapidly, with a cumulative installed capacity of 564 million kilowatts by the end of 2020, ranking first in the world for eight consecutive years. From the perspective of development path, the new energy industry has grown from scratch and achieved rapid large-scale development in more than ten years, which is inseparable from the overall support of various national policies: through the introduction of technology, the cultivation of industries, planning and guidance, the expansion of market scale, the establishment of renewable energy funds, the support of wind power and photovoltaic equipment manufacturing industry to start quickly, promote the rapid decline of power generation costs, and promote the large-scale development of the industry. At present, wind power and photovoltaic power have basically met the conditions for grid parity, and have realized the healthy development of the industry itself. At the same time, in view of the pain points and difficulties faced at different stages of industry development, relevant ministries and commissions are problem-oriented, and timely study and introduce various support policies to promote the continuous development and growth of the industry. The "Notice" jointly issued by the five departments, focusing on the shortage of funds for some renewable energy enterprises affected by the lag of subsidy funds, through the overall policy support in energy, finance, finance and other related fields, for enterprises to bail out, maintain development stamina, reflects the country's encouragement and support for the development of the industry, will be conducive to promoting the sustainable and healthy development of the new energy industry, and lay a solid foundation for China to better achieve the "30·60" goal.

Second, at the specific policy level, it reflects the idea that the state pays attention to both market-oriented promotion and risk control. Judging from the measures proposed in the "Notice", while the state adopts a market-oriented approach to promote financial support, it also strictly enforces relevant risk management measures, takes into account the flexibility and standardization of policy implementation, and does a good job. On the one hand, it is promoted in a market-oriented way. Renewable energy enterprises apply according to their own capital needs; On the basis of independent negotiation between the two parties, the financial institution shall arrange the loan plan in accordance with the principle of commercialization. Whether to take out a loan, to whom to lend, the amount of the loan, the term of the loan, and the interest rate are all determined by the market. On the other hand, there is strict risk management. The first is to encourage financial institutions to issue subsidy confirmation loans for projects that have been included in the subsidy list, and effectively reduce the compliance risk and funding source risk of the project based on the supporting materials of the uncollected subsidy receivable; Secondly, through the implementation of closed loan repayment account management, power grid enterprises will directly allocate subsidy funds to the special account for subsidy confirmation loans, without enterprise turnover, reducing the risk of bank operation.

The third is to give full play to the environmental value attributes of green certificates, and encourage enterprises to reduce the pressure of interest sharing through green certificate transactions. The green power certificate is an important policy jointly launched by the National Development and Reform Commission, the Ministry of Finance and the National Energy Administration in 2017 to promote China's green electricity consumption. The main principle is that green certificates represent the environmental value of renewable electricity, and renewable energy power generation enterprises can obtain environmental value benefits through the sale of green certificates, so as to achieve effective support for the development of the industry. This is also an internationally accepted support policy. In February 2021, the State Council issued the "Guiding Opinions on Accelerating the Establishment and Improvement of a Green, Low-Carbon and Circular Development Economic System", proposing to "promote the trading of green electricity certificates and lead the whole society to increase green electricity consumption", further clarifying the important role of green certificates in the construction of a green, low-carbon and circular development economic system in the future. Under the general idea proposed by the state, the "Notice" gives full play to the environmental value attribute of green certificates, which is used to make up for the interest sharing of renewable energy power generation enterprises, which is conducive to solving the worries of enterprises, so as to effectively promote the implementation of the subsidy and confirmation loan policy. It is recommended that the specific green certificate issuance and trading plan be studied and promoted in accordance with the national regulations on the management of green certificate transactions and the interest sharing needs of enterprises.

Fourth, give full play to the role of renewable energy electricity price surcharge in promoting the industry. On the one hand, it is necessary to consolidate the responsibilities of relevant parties and do a good job in collecting all the funds that should be collected. While the full amount of electricity is collected from relevant power users, local governments need to focus on organizing coal-fired captive power plants to do a good job in the verification and supplementary payment of additional arrears in electricity prices. The second is to optimize the management of subsidy funds and improve the efficiency of fund operation. Including the priority allocation of subsidy funds to enterprises in voluntary parity projects, and the encouragement of increased credit support, so as to give greater play to the role of subsidy funds in promoting the development of the industry.

Fifth, encourage local governments to carry out pilot implementation policies first, and promote them to the whole country on the basis of summarizing the experience of the pilots. This is to take into account the differences in the basic conditions and the needs of enterprises in various places, and encourage qualified places and enterprises to carry out pilot projects in combination with their own realities, and explore new ideas and new methods to solve the subsidy problem. The state will do a good job of summarizing the good experiences and practices of each pilot project, and actively promote them to the whole country, so as to give full play to the role of policies in promoting them on a larger scale.

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Authoritative interpretation! Yi Yuechun talked about the wind power and photovoltaic support policies of the five ministries and commissions

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Authoritative interpretation! Yi Yuechun talked about the wind power and photovoltaic support policies of the five ministries and commissions

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