600 million shock subsidies benefit the LED lighting industry

Chancheng LED lighting industry will once again enjoy the support of provincial special fund subsidies.

In the past three years, as the province's “thousands of thousands of thousands of” demonstration projects, Chancheng has accelerated the cultivation of new light source industry through application-driven innovation, market-oriented industry, and model demonstration. Currently, more than 300 kilometers of LED streetlights have been completed. It saves more than 10 million kWh of electricity every year and saves more than 8.9 million yuan in electricity costs. At the same time, it also gathered a number of LED leading enterprises such as Foshan Lighting, Guoxing Optoelectronics and Blue Arrow Electronics for Chancheng. Last year, the total industrial output value reached 10 billion yuan, exceeding 50% of the city's LED industry.

The shock subsidy of 600 million yuan of LED lighting in our province will provide more support for the cultivation of the new light source industry in Chancheng.

Yang Zhonghui, deputy head of Chancheng District, revealed at the inauguration ceremony of Foshan Lighting and Lighting Industry Association that Chancheng has been listed as the first batch of green lighting demonstration cities in Guangdong Province, which means that Chancheng will promote LED lighting in the next three years. Received provincial special fund support.

According to the "Opinions of the Guangdong Provincial People's Government on Accelerating the Development of the LED Industry (Draft for Comment)" issued in July 2010, the province plans to subsidize the province's LED lighting application for three consecutive years, and the total subsidy will reach 600 million yuan, the subsidy object is selected into the "Guangdong Province Green Lighting Demonstration Project" city. Chancheng will share this subsidy with Guangzhou, Dongguan and Shenzhen.

This new trend will directly accelerate the pace of renovation of Zen City LED street lights. However, some people in the industry believe that the deeper meaning is that although the price of LED street lamps is still about 2-4 times that of traditional high-pressure sodium street lamps, the market is very difficult to spread at the beginning of the market. "There is such a large policy support in the market introduction period. It can quickly reduce costs and speed up the process of eliminating traditional street lamps, which will reduce market risks and attract more companies to join the LED lighting industry."

If we say that in the past three years, Chancheng seized the opportunity of the provincial science and technology department's “Thousand Miles of 100,000” project, and prompted the Chancheng LED lighting industry chain to take shape. In the next three years, Chancheng should seize the “Guangdong Province Green”. Opportunities for lighting demonstration cities to build an LED lighting industry chain and accelerate the formation of a “green lighting industry” cluster.

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