Renewable Energy Law.

The Renewable Energy Law is designed to promote the development and utilization of renewable energy, improve the energy structure, diversify energy supplies, safeguard energy security, protect the environment, and realize the sustainable development of the economy and society. The Law consists of 33 articles divided into 8 Chapters: General (I); Resource survey and development plans (II); Industry guidance and technology support (III); Promotion and application (IV); Price control and cost apportionment (V); Economic incentives and supervisory measures (VI); Legal responsibilities (VII); Miscellaneous (VIII). The Law, which defines renewable energy as non-fossil energy of wind energy, solar energy, water energy, biomass energy, geothermal energy, and ocean energy. The relevant departments of the State Council shall formulate relevant plans that are conducive to promoting the realization of the medium- and long-term total volume targets for the development and utilization of renewable energy nationwide. It will also require power grid operators to purchase resources from registered renewable energy producers, and offer financial incentives, such as a national fund to foster renewable energy development, and discounted lending and tax preferences for renewable energy projects. Furthermore, the Law includes other details related to the purchase and use of solar photovoltaic and solar water heating as well as renewable energy fuels. The Law includes specific penalties for non-compliance.