02 Aug '11, 5pm

China's Feed-In Tariff to Boost Solar Capacity 10-Fold in 5 Years

Image credit: martijn , used under Creative Commons license. China has made noises about feed-in tariffs for large scale solar before, and the nation is making huge investments in offshore wind energy . Now China is unveiling a new feed-in tariff for solar that, it says, should help increase solar power capacity ten-fold in the next five years. The Globe and Mail reports that China's government has announced a new feed-in tariff for solar that will guarantee solar developers a payment of 1 yuan (US$0.15) per kilowatt-hour that their projects feed into the grid. Unsurprisingly, solar companies in China have welcomed the news with open arms: "We strongly believe that China will quickly evolve into one of the largest and most important solar markets in the world," said Liao Mingsheng, chief executive of Yingli, one of China's largest vertically integrated solar panel manufact...

Full article: http://www.treehugger.com/files/2011/08/chinas-feed-in-ta...

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