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MOF, MOST and NEA Launch Golden Sun Project

The Ministry of Finance (MOF), the Ministry of Science and Technology (MOST) and the National Energy Administration (NEA) announced the launch of the Golden Sun Demonstration Project on July 21, 2009. The Project is to facilitate the growth and expand the scale of the photovoltaic (PV) power generation industry, and promote emerging strategic industries like new energy, energy conservation and environment protection industries with an aim to foster new sources for economic growth.

Recently the three departments have jointly issued a Notice on Implementing the Golden Sun Project. Accordingly efforts will be made through fiscal subsidies, scientific and technological support, and market incentives to accelerate the industrialization of PV technology and enable large scale development of the PV industry. Pilot PV projects of no less than 500 MW will receive fiscal subsidies in the coming two to three years.