03 Jul '12, 12am

China Quadruples 2015 Solar Power Target!

China has offered financial assistance for projects under the so-called Golden Sun program since 2009 to stimulate renewable energy. The nation in May chose GCL-Poly Energy Holdings Ltd., Yingli Green Energy Holding Co. and about 100 other developers of projects with 1.7 gigawatts of combined capacity to be eligible for a subsidy of 5.5 yuan a watt under the program in 2012. In January, Suntech Chief Executive Officer Shi Zhengrong and Trina CEO Gao Jifan said China may double its installations of solar panels this year, absorbing excess production that depressed prices and profit margins in 2011. JinkoSolar Holding Co. expects the domestic market to account for as much as 12 percent of sales this year, double that of a year earlier, Chief Executive Officer Chen Kangping said in April. Yingli Chairman Miao Liansheng said in May China will account for 30 percent of revenue ...

Full article: http://cleantechnica.com/2012/07/02/china-quadruples-2015...

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