Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, September 19, 2012

China Set to Double 2015 Solar Target to More Than 40GW

China Set to Double 2015 Solar Target to More Than 40GW

In attempts to reduce the oversupply of cheap solar panels on the market, as well as provide itself with cheap, clean, renewable energy, China is installing huge numbers of solar PV farms.In the past year and a half it has had to increase its 2015 PV target capacity 3 times, up from an initial 5GW to 21GW; the installation capacity for 2012 alone is expected to be around 7GW. If China just leaves its solar industry to develop as it is, then at its current rate it would reach over 30GW of installed capacity by 2015, and therefore it is believed…Read more...http://oilprice.com/Latest-Energy-News/World-News/China-Set-to-Double-2015-Solar-Target-to-More-Than-40GW.html

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