by  John Parnell, January 10, 2019 in Forbes

China has said it will not approve wind and solar power projects unless they can compete with coal power prices.

Beijing pulled the plug on support for large solar projects, which had been receiving a per kWh payment, in late May. That news came immediately after the country’s largest solar industry event and caught everyone by surprise.

Officials are understood to have been frustrated at seeing Chinese suppliers and engineering firms building solar projects overseas that delivered electricity at prices far below what was available back home.

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