The Mean Feed-In Tariff (FiT) for Small Hydro Energy in China had very modest variations over the past years, with a minimal decrease from 0.036 USD in 2013 to 0.033 USD in 2023. Year-on-year variation showed fluctuations, with significant decreases between 2015-2017 and a stabilization from 2019 onwards. By 2023, the rate was steady at 0.033 USD. The Compound Annual Growth Rate (CAGR) over the last five years was -0.68%, indicating a slight declining trend.
Looking forward, the forecasted data also suggest a continued plateau at 0.033 USD until 2028. The forecasted 5-year CAGR is -0.09%, showcasing minor anticipated decreases.
Future trends to watch for:
- Policy changes in China affecting renewable energy tariffs.
- Technological advancements reducing costs of small hydro installations.
- Market dynamics and shifts in demand for renewable energy sources.