China drops renewables subsidy mechanism in favour of CfD-style system
Energy Disrupter
![](https://cached.imagescaler.hbpl.co.uk/resize/scaleHeight/150/cached.offlinehbpl.hbpl.co.uk/news/OPW/XiJinpingGettyImages2197197586.jpeg)
China is cutting subsidies for renewable energy projects and moving to a payment mechanism similar to the contracts for difference (CfDs) system used in other markets such as the UK.
by Craig Richard