Incentives for green and low-carbon industries in Shanghai

Shanghai Foreign Investment Development Board

a) Support for green low-carbon process upgrading and new technology applications, energy-saving technology transformation, energy management center, cleaner production projects, and financial support for a single project up to 10 million yuan ($1.41 million).

b) Support for hydrogen, wind, solar, biomass, etc, energies. For a single project, a maximum annual incentive of 50 million yuan ($7 million) will be given.

c) Focus on solid-state batteries, calcium-based thermochemical energy storage, high-temperature molten salt thermal storage and other key energy storage technologies. For a single project, a maximum incentive of 3 million yuan ($423,600) will be given.

d) Upgrade the carrying capacity of urban distribution networks, new power distribution systems, and new power supply systems for important users and other technologies. For a single project, a maximum incentive of 5 million yuan ($706,000) will be given.

e) Focus on the carbon reduction needs of key carbon emission industries such as iron and steel, chemicals, etc. Support breakthroughs in key technologies for carbon reduction and energy efficiency enhancement. For a single project, a maximum incentive of 5 million yuan ($706,000) will be given.

Regional policies on green and low-carbon industries in Shanghai:

Jing'an District

a) Enterprises independently invest in the implementation of the energy-saving technological transformation, and strengthen energy management — subsidies for a single project will not exceed 1 million yuan ($141,200).

b) For contract energy management projects fully invested by energy-saving service enterprises and carried out within the district, the subsidy amount for a single contract energy management project shall not exceed 1.5 million yuan ($211,800).

Yangpu District

a) The conventional photovoltaic power station project incentive standard is 800 yuan/kW. The maximum incentive for a single project shall not exceed 2 million yuan ($282,400).

b) For distributed PV projects in new buildings, the maximum reward for a single project shall not exceed 2 million yuan ($282,400).

c) For photovoltaic building integration projects, according to the actual amount of power generated by the project, the incentive standard is 0.1 yuan/kWh, with an incentive period of 5 years.

Xuhui District

a) For enterprises implementing energy-saving technology reform and product application projects, and to achieve significant energy saving, emission reduction and carbon reduction effect, support of a maximum of 3 million yuan ($423,600) will be given.

b) Enterprises within the scope of the district that implement building energy efficiency projects, and are included in the Shanghai Green Building, a single demonstration project may receive a maximum of 3 million yuan ($423,600).

c) Newly distributed photovoltaic projects within the scope of the district and grid-connected, according to the project grid acceptance scale will give enterprises 1000 yuan/kW in support, or according to the actual amount of investment in the project, enterprises may receive up to 20 percent in support. The maximum amount of the above support will not exceed 2 million yuan ($282,400).