China has further revised up its solar power development target for 2015 by 50 per cent from its previous plan, state media report.
Reuters reports that the government has set a target for installed solar power generating capacity to reach 15 GW by 2015 and wind power capacity to hit 100 GW.
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.
Installed solar power capacity at the end of 2010 was less than 1 GW in China, the world’s largest exporter of photovoltaic products and home to some of the industry’s top players, such as Trina Solar, JA Solar, Suntech Power and LDK Solar.
Annual solar power output will reach 20 billion kilowatt hours by 2015 and wind power output 190 billion kWh, China National Radio said in a text report posted on its website (www.cnr.cn).
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