PVTIME – People’s government of Taizhou City, Zhejiang province issued a subsidy policy plan for photovoltaic and optoelectronic industries in Taizhou.
The subsidy policy is briefly as following:
Within Taizhou City, enterprises that invest in emerging photovoltaic and optoelectronic industries and have actual project investment (excluding land) of more than 100 million yuan during the construction period will be given a subsidy of no more than 1% of the actual investment (up to 20 million yuan) .
The government will actively introduce key photovoltaic and optoelectronic enterprises such as the world’s top 500 and China’s top 100 companies to settle in Taizhou, and provide subsidy for particularly important photovoltaic and optoelectronic projects according to the valuation adjustment mechanism (VAM).
For photovoltaic and optoelectronic companies with annual main business income reaches 100 million yuan, 200 million yuan, 500 million yuan, and 1 billion yuan for the first time, 200,000 yuan, 300,000 yuan, 400,000 yuan, and 500,000 yuan will be rewarded respectively. For the company with main business income achieves an increase of more than 20% (inclusive) in the following year, it can be continuously rewarded in the following year.
For photovoltaic and optoelectronic companies purchase key equipment, and the project investment is 5-10 million yuan, 10-50 million yuan, and 50 million yuan or more. The subsidies would be 9%, 12%, and 15% respectively of the actual investment, and the maximum amount of a single project does not exceed 20 million yuan. For photovoltaic and optoelectronic enterprises that import products and technologies listed in the National and Provincial “Encouraged Import Equipment Technology and Product Catalog”, and the import value is 5 million yuan or more, the subsidy would be 10% of the import value, up to be 1 million yuan.
Further more, the local photovoltaic and optoelectronic research institutions shall be given site rent subsidies, with an annual maximum subsidy of no more than 1 million yuan for a period of three years.
This policy will be implemented from the date of issuance and will be valid for five years. If a project meets multiple support policies (except Article 1), only one subsidy can be selected.
