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China Increases Solar Target

Solar panel manufacturers in China need some good news bearing in mind the trade dispute that is going on with European Union countries, the overcapacity issues and the demand for their solar panels reducing. So, they will be pleased to hear the decision that has been taken by their government.

Solar panel manufacturers in China will welcome their country’s decision to increase electricity capacity targets
(image credit: stantontcady)

As you may be aware countries around the world have set targets to reduce carbon emissions as well as increase the amount of electricity produced by the likes of solar panels. With regard to the later point, China had a target of generating 21 gigawatts of electricity by 2015 using solar power and as at 2012 it had achieved around 7 gigawatts of capacity.

China has announced that it is to increase its target for generating electricity by solar power means to in excess of 35 gigawatts by 2015 and intends to generate around 10 gigawatts of electricity capacity per annum between now and 2015. This should provide a huge boost to solar panel manufacturers in China who will no doubt be asked to supply many of the necessary solar panels.

The State Council in China is aware of the problems with the solar power industry and the above is just one of the measures that it has introduced to help support the industry. Other measures include making cheap land more accessible, more efficient subsidies, the encouragement of acquisitions and mergers by normal trading, removing out of date production capacity and the promotion of solar power generators that are on the small side.

It will be interesting to monitor how solar panel manufacturers in China respond to the above measures but it is to be hoped that it will result in an improvement in their fortunes although, on the horizon, is the impending increase in import tariffs next month if matters cannot be resolved with the European Commission. We will continue to keep you updated.

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