China has raised its 2015 target for solar-electricity capacity, giving a shot in the arm to its solar companies, many of which are strugglingdue to industry overcapacity, slow global demand and overseas trade disputes.
China's State Council, or cabinet, in a statement dated July 4 but posted Monday said installed capacity for solar electricity would reach more than 35 gigawatts by 2015, and would grow by about 10 gigawatts a year between now and then. China's previous target was 21 gigawatts, and its installed capacity in 2012 was about 7 gigawatts.
The move is positive for Chinese solar companies, who will become eligible for more domestic projects, and who together provide more than half the world's solar panels.
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China's State Council, or cabinet, in a statement dated July 4 but posted Monday said installed capacity for solar electricity would reach more than 35 gigawatts by 2015, and would grow by about 10 gigawatts a year between now and then. China's previous target was 21 gigawatts, and its installed capacity in 2012 was about 7 gigawatts.
The move is positive for Chinese solar companies, who will become eligible for more domestic projects, and who together provide more than half the world's solar panels.
Germany Talks about Remove Solar Subsidies by 2018
Germany will stop subsidising solar energy by 2018 at the latest, its environment minister said after last year initiating a scaling-back of generous state support for the faltering industry.
Read more »