Caixin OnlineBusiness & IndustryTop Stories Industry Beijing to Launch 70 Bln Yuan Plan to Rescue Solar Industry
10.24.2012 18:22

Beijing to Launch 70 Bln Yuan Plan to Rescue Solar Industry

Program has broad government involvement, but questions over who will pay remain unanswered
By staff reporter Yang Qiubo
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(Beijing) – The central government is planning to unveil a series of projects totaling 70 billion yuan to save the troubled solar industry, an expert from an official energy institute says.

However, the source of funding for the ambitions plan that comes amid a slowing economy remains unknown.

The stimulus projects would be sponsored by several government departments, including the National Development and Reform Commission (NDRC), State Grid and the National Energy Administration (NEA), said Wang Sicheng, a research fellow from the NDRC's Energy Research Institute. 

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