Solar: 50% VAT refund has not been extended since 2018. October 20, 2025 12:40 AM GMT China – Clean Energy | Asia Pacific China Scales Back VAT Refunds for Wind and Nuclear Power Key Takeaways China's Ministry of Finance, State Taxation Administration and General Administration of Customs announced VAT refund policy changes: Wind Nuclear We estimate VAT refund removal for onshore wind will save the government ~Rmb25bn in subsidy payments each year. Longyuan got VAT refunds of Rmb901mn in 2024 and Rmb481mn i ...