The I-REC Standard Board decided in May 2021 to initiate a phase-out of FiT-subsidized generation facilities from the I-REC registry, while at the same time opening the system for non-state-owned enterprises (non-SOE). The reform is completed upon entry into 2023, as FiT-subsidized generation facilities won´t be able to receive I-RECs for their power production. This article examines how these reforms have affected the I-REC market in China.
I-REC Growth in China The removal of the restriction on the issuance of I-RECs to non-SOE in China, allowing SOE and non-SOE to participate on an equal basis, was effective from June 15, 2021. This reform was followed by a significant increase in device r…
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