Overview
- The NDRC and NEA issued Opinions calling for about 15 GW of concentrated solar power by 2030 with per‑kWh costs comparable to coal and technology that is internationally leading and fully domestically controlled.
- The policy frames CSP as both dispatchable generation and long‑duration storage, able to provide peak regulation, inertia, frequency and voltage support, and black start services for a high‑renewables grid.
- Measures span resource surveys, planning and site protection, CSP‑heavy regulating power stations, source‑grid‑load‑storage systems, reliable‑capacity compensation pathways, fair market participation, green revenue options, REITs/ABS financing tools, and land guarantees.
- State Grid completed a 9.2 billion yuan renewable‑subsidy transfer in the fourth 2025 disbursement as the normalized monthly mechanism launched in 2024 continues to shorten payout cycles via dedicated treasury accounts and improve sector cash flows.
- Local momentum is accelerating with 42 provinces and key cities outlining ‘15th Five‑Year’ strategies around large export bases, wind‑solar‑storage‑hydrogen integration, and green‑power direct connections, while curtailment risks, post‑2025 subsidy‑free projects, and market rule execution remain core tests.