"China Scales Up Solar Power Capacity Plan By 50 Percent"

"China has further revised up its solar power development target for 2015 by 50 percent from its previous plan, state media reported on Thursday."

"The government has set a target for installed solar power generating capacity to reach 15 gigawatts by 2015 and wind power capacity to hit 100 GW, China National Radio reported, citing an announcement from the National Energy Administration.

The ambitious move may have been encouraged by a rapid increase in solar power installation in recent months after the government unified grid feed-in tariffs for solar projects for the first time in July, and offered a higher price for projects that would be put into operation before the year end.

China had doubled its 2015 solar power goal to 10 GW after the Japanese nuclear power crisis."

Jim Bai and Chen Aizhu report for Reuters December 16, 2011.

 

Source: Reuters, 12/16/2011