26 Dec '12, 2pm

Renewable Energy Review: China

Renewable Energy Review: China

Here is the firm’s assessment of China. Solar Sector Changes Direction Despite battling excess supply and the knock-on impact of the global economic downturn on international markets, Q3 saw significant activity across China’s solar sector. However, this is not the supply chain-driven growth of the last five years, but a new dawn for the world’s largest solar manufacturing economy. That the country is seeking to expand its domestic solar demand to deal with oversupply and falling prices has become well-known, but Q3 has shown that the Government is willing to practise what it preaches in terms of implementing policy. Q3 saw the National Energy Administration rubberstamp the country’s new and ambitious solar capacity targets of 21 GW by 2015 and 50 GW by 2050, although some market commentators are speculating this could rise further to 30 GW and 100 GW respectively based on...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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