The shortage of renewable energy resources amounting to hundreds of billions of dollars has been solved. Operators of new energy power stations are expected to obtain the long overdue subsidies, reduce the cash flow pressure, and take the lead in the era of renewable energy parity< Br > < div class = "height" > < / div > according to a document issued by China Southern Power Grid Company recently, according to the requirements of the reply of the national development and Reform Commission, the Ministry of Finance and the state owned assets supervision and Administration Commission of the State Council on Authorizing the establishment of Beijing and Guangzhou renewable energy development Settlement Service Co., Ltd. to comprehensively solve the problem of renewable energy generation subsidies, It is decided to establish Guangzhou renewable energy development Settlement Service Co., Ltd. (hereinafter referred to as Guangzhou renewable energy company)< Br > < div class = "height" > < / div > this document shows that Guangzhou renewable energy company is a special purpose company authorized by the government and led by China Southern Power Grid Corporation, which undertakes the management of renewable energy subsidy funds and operates according to the market. On the basis of financial allocation, the gap of subsidy funds shall be solved through special financing according to the principle of marketization, and the principal and interest of special financing shall be disbursed in the budget of renewable energy development fund< Br > < div class = "height" > < / div > the company is isolated from the power transmission and distribution business of the power grid, which will not affect the normal production, operation and financial status of the power grid company. One of its main responsibilities is to be responsible for the daily management of the special financing of the subsidy fund gap, including the negotiation and drafting of financing contracts with financial institutions, bond issuance, due payment, information disclosure, credit rating, etc. The operation period is until “the subsidy gap is cleared and the principal and interest of all special financing are paid”< Br > < div class = "height" > < / div > according to the report of “Southern Energy observation” magazine in charge of China Southern Power Grid Corporation, Beijing and Guangzhou renewable energy development and Settlement Service Co., Ltd. will complete the registration by the end of August 2022. The people’s Bank of China and other relevant ministries and commissions will encourage commercial banks to give support at the policy level< Br > < div class = "height" > < / div > the problem of subsidy arrears is not a cold day. Finally, there is a specific implementation subject to solve the “old-fashioned disease”. The huge subsidy gap and long distribution cycle have been the “unbearable burden” that has troubled the renewable energy industry for many years. Different institutions have measured this, and a more common view is that by the end of 2021, the total amount of subsidy arrears has reached about 400 billion yuan, especially for wind power and photovoltaic projects. This led to a series of chain reactions: the accounts receivable of most new energy enterprises continued to increase, and the operating cash flow continued to be tight. Some private enterprises even run into cash flow exhaustion, and in recent years, they have accelerated the selling of wind and Photovoltaic Station assets to survive< Br > < div class = "height" > < / div > the subsidy gap is about the development and further investment of renewable energy enterprises. Since the beginning of this year, with the promotion of the high-level, the solution of the problem of insufficient compensation has frequently shown positive signals< br>