Feb 10, 202510:06GMT+7
Chinese renewable energy stocks fell as much as 3.7% after the market open on Monday, following an announcement by state planner the National Development and Reform Commission on the scaling back of subsidies for renewable power producers.
Shares of Chinese solar producer Tongweislumped 3.78% as of 0248 GMT, while Longi Green Energy, the world's largest solar manufacturer, dropped 2.03%.
Peers Jinko Solarand JA Solarwere also down around 2%, and shares of key wind turbine manufacturer MingYangfell 1.26%.
By contrast, the Shanghai Composite Indexwas up 0.32%.
NDRC in the Sunday notice said any new projects completed after June this year would face payments for electricity based on "market-based bidding", though without providing details of the pricing formula it would introduce.
The tweak came after China broke its own records for new solar installations in 2024 with installed capacity up 45% from the previous year.
Citi's head of Asian utilities and clean energy research Pierre Lau said in a note that the policy was in line with market expectations and the overall trend of falling tariffs for renewables projects. Lau said the average wind and solar tariffs of some independent power producers could fall by over 10% this year.
The policy also follows the lifting of a guarantee last year that grid operators would buy nearly all the power generated by renewable producers at a fixed rate.

Sumber : Reuters