Renewable Energy Law Encourages a Hundred Flowers to Bloom

March 31, 2006 | BY

clpstaff &clp articles

New PRC legislation encourages and supports a broad range of renewable energy and related products and activities, in pursuit of energy supply diversity and security, environmental protection and sustainable development. Promotion of domestic manufacturing may leave foreign equipment exporters out in the cold, while foreign investors and technology providers stand to benefit from incentives and an expanding market.

By Neal Stender, Orrick, Herrington & Sutcliffe LLP, Hong Kong
Zhihua (David) Tang, Coudert Brothers LLP, Shanghai
Qingsong (Kevin) Wang, Coudert Brothers LLP, Beijing

The People's Republic of China recently issued legislation creating a broad definition of 'renewable energy' and requiring distributors to purchase the output of renewable energy producers. The legislation also reaffirms tax incentives and promises direct and indirect financial support for renewable energy and numerous related products and activities. The legislation's stated goals are to diversify energy supply,1 safeguard energy security,2 protect the environment3 and achieve sustainable development.

Legislation

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