First-quarter decline in investment reflects partly falling cost of capital for renewables, allowing investors to install same capacity for less cash.
Indian regulators want to lower the floor price of RECs – a move that could increase renewables demand and benefit sellers who have huge inventories of unsold credits.
The installation oatthe Longyangxia Dam Solar Park currently has the capacity to generate 850 megawatts of electricity, or enough to power roughly 140,000 U.S. homes.
China will reportedly launch trading of certificates for solar and wind power from July 1st 2017, in a bid to reduce government subsidies going to the renewables sector.
The Hangzhou-based company invested approximately 1.8 billion yuan ($262.6 million) in the project, which spans about 299.5 hectares.