"China To Double Solar Capacity By Year End: Report"

"China will double its solar capacity to around 2 gigawatts (GW) by the end of the year as the world's largest solar-panel maker ramps up domestic installation, a local paper said on Saturday citing a government-linked think tank."

"The solar feed-in tariff, the price of solar-generated electricity, could drop below 0.80 yuan (12.5 cents) for each kilowatt-hour (kWh) by 2015, which would be on par with conventional coal-fired power tariffs by that time, according to s report by the Energy Research Institute, led by the National Development and Reform Commission (NDRC).

The report also said China was expected to produce 90,000 tonnes of polysilicon this year, representing 80 percent of its domestic demand.

China, the world's top energy user and carbon emitter, is eager to speed up development of clean energy and reduce its dependence on traditional fossil fuels, especially coal."

Fayen Wong and Ruby Lian report for Reuters August 15, 2011.

Source: Reuters, 08/15/2011