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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