18 Sep '12, 1pm

China to Double 2015 Solar PV Target to 40 GW

China to Double 2015 Solar PV Target to 40 GW

That would represent a more than three-fold increase in its forecasts for 2020 made just a year ago, but it reflects the fact that the cost of solar PV continues to fall sharply, and is now a cheaper option in China than peaking power plants, and at the retail and commercial level. Chinese government officials have said that solar PV will offer cheaper wholesale prices – and energy security – than coal or gas by the end of the decade. The higher forecast for 2015 shouldn’t come as a surprise. China’s installation rate is estimated by some to be around 7GW this year. If that rate was continued until 2015, that would mean at least 30GW by then, even without an increase.

Full article: http://cleantechnica.com/2012/09/18/china-to-double-2015-...

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