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Wenzhou unveils policy to promote development of new energy

ALMS|Updated: July 24, 2023


The offshore wind power project in Cangnan county, Wenzhou, Zhejiang province. [Photo/WeChat account: wenzhoufabu]

Wenzhou in East China's Zhejiang province has unveiled policies to promote the high-quality development of the new energy sector in order to accelerate the building of a national new energy capacity center, local media reported.

The policies encompass four key areas: industrial development, technological innovation, demonstration applications, and business environment facilitation.

To support industrial development, the policies focus on addressing resource bottlenecks in land, energy, talent and capital. The allocation of land resources will be aligned with project planning, ensuring a comprehensive guarantee for the high-quality development of the new energy industry.

In terms of technological innovation, the policies aim to encourage high-level platforms to concentrate on research of core technology in the new energy field. Support will be provided to these platforms to enhance their capabilities and achieve self-reliance in advanced technologies.

For demonstration applications, the policies propose measures to support the development and promotion of the new energy vehicle industry. These include accelerating the construction of charging infrastructure, prioritizing the establishment of charging stations, and supporting the adoption of new energy vehicles in rural areas.

In order to improve the business environment, the policies aim to streamline the approval process for new energy projects, providing faster services. The city also plans to create low-carbon pilot programs, fostering a low-carbon culture. Efforts will be made to promote the use of green certificates that are recognized worldwide, supporting the expansion of international markets for new energy companies. Moreover, support from green finance will be increased to attract more investments in the new energy sector.

The policies provide specific guidelines regarding the recipients of incentives, the implementation of subsidies, and the effectiveness of the policies. It is estimated that the annual subsidy funds will exceed 100 million yuan ($13.9 million), benefiting both companies and individuals.

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