China Requires Utilities to Buy All Renewable Power

No details of pricing given but companies that operate China's power grid could be fined if they refuse to buy renewable power.

Published: 30-Dec-2009

BEIJING -- China's utilities will be required to buy all the power produced by wind farms and other renewable sources under a new law meant to promote the industry and reduce heavy reliance on coal.

Legislators approved the measure Saturday as an amendment to China's 2006 renewable energy law, the official Xinhua News Agency reported.

Beijing has set ambitious goals for wind, solar and other renewable energy in an effort to clean up its environment and curb surging demand for imported oil and gas, which communist leaders see as a strategic weakness.

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