China accelerates market integration of wind and solar generation
On 27 January 2025, China’s National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) jointly issued a policy titled “Notice on Deepening the Marketisation Reform of Feed-in Tariffs for New Energy to Promote High-Quality Development of New Energy”. This policy marks a shift in China’s approach to pricing wind and solar power, transitioning from fixed tariffs to a market-based system.