When China announced the results of a tender last month for building and operating its first commercial solar power station, the winning bidders were not the only ones to triumph.
Beijing decided that the preferential tariff at which the winning consortium would sell solar power to the grid would also be applied to other projects in the pipeline, rather than case by case as was typical. This should allow companies better to calculate the potential risk and returns.
It was a small but significant step towards transforming China into a meaningful market for solar energy.
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