On May 19th, the Development and Reform Commission of Xinjiang officially released the "Notice on Establishing and Improving Supporting Policies for the Healthy and Orderly Development of New Energy Storage." The notice outlines subsidy policies for new energy storage, including the following: Independent energy storage capacity will receive a capacity compensation of 0.2 CNY/kWh discharged, gradually decreasing by 20% annually starting from 2024 until 2025. For peak shaving and ancillary services, a compensation of 0.55 CNY/kWh will be provided for charging, and a compensation of 0.25 CNY/kWh will be provided for discharging (without simultaneous capacity compensation). Furthermore, it stipulates that independent energy storage systems operational in the four southern prefectures of Xinjiang must undergo a minimum of 100 complete charge and discharge cycles in 2023. The capacity lease price will be set at 300 CNY/kWh before 2025, and new energy enterprises and shared energy storage enterprises shall sign long-term lease agreements of over 10 years based on the lease reference price of the year.
Official Release of Energy Storage Subsidies in Xinjiang: Capacity Compensation of 0.2 CNY/kWh, Capacity Lease of 300 CNY/kW·year, and Peak Shaving Compensation of 0.55 CNY/kWh