The Fujian Provincial Development and Reform Commission and the National Energy Administration's Fujian Regulatory Office have jointly issued the "Implementation Plan for Deepening the Market-Oriented Reform of New Energy Feed-in Tariffs and Promoting High-Quality Development of New Energy in Fujian Province."

**Key Measures for Existing Projects:** 1. **Scope of Application:** Offshore wind projects competitively allocated before January 27, 2025 (exclusive), and other new energy projects achieving full-capacity grid connection before June 1, 2025 (exclusive). 2. **Mechanism Electricity Quota:** Initially set at 100% of feed-in electricity for eligible projects, subject to adjustments based on provincial market conditions. 3. **Tariff Mechanism:** Offshore wind projects competitively allocated before January 27, 2025, will follow their bid prices, while other projects adopt the current coal benchmark price of 393.2 RMB/MWh. 4. **Implementation Timeline:** Offshore wind projects with grid connection after January 1, 2026, will start from the first day of the following month, while other projects begin on January 1, 2026. 5. **Duration:** Determined by the shorter of the remaining lifecycle hours or 20 years from the project’s operational date, with monthly precision.

**Key Measures for Incremental Projects:** 1. **Scope of Application:** Projects selected through competitive bidding. 2. **Mechanism Electricity Quota:** Based on awarded electricity volume, with a cap set at 90% of projected annual feed-in electricity. 3. **Tariff Mechanism:** Determined via marginal clearing price in competitive bidding. 4. **Implementation Timeline:** For operational projects, implementation starts on January 1 of the following year; for non-operational projects, the later of the declared operational date or January 1 applies. 5. **Duration:** Aligned with the average payback period for similar projects, with monthly precision.

**Bidding Framework:** - **Frequency:** Annual bidding, with adjustments as needed; the first bidding round will occur in 2025. - **Total Bidding Volume:** Initial quotas based on a proportion of incremental project feed-in electricity, adjusted annually per market conditions. - **Bidding Categories:** Initially segmented by technology type, later consolidated into unified bidding. - **Price Limits:** Upper and lower bounds set based on cost recovery, green value, and market demand.

**Additional Provisions:** - **Performance Bonds:** Required for non-operational projects, with amounts varying by project type (e.g., 1.27 million RMB/MW for offshore wind, 340,000 RMB/MW for solar). - **Credit Management:** Violations such as market manipulation or fraud result in disqualification for three years.

The plan emphasizes policy coordination, fair cost-sharing, and regulatory oversight to ensure smooth implementation. It takes effect immediately and remains valid for ten years.