20 February 2019

NEA solar support policy out soon, paper says

The National Energy Administration (NEA) is expected to unveil support measures for the solar power industry after completing a public consultation, Beijing Business Today reported Tuesday, citing an unnamed industry executive. The NEA has received feedback on key issues such as power generation, payment and taxation. Last week, the Ministry of Finance announced a 50 percent rebate in value-added tax on solar products. The tax relief will help boost the net profit margin of solar companies by 1 to 2 percentage points, an unnamed analyst was quoted as saying.

– Contact HKEJ at [email protected]



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