It seems like China's ambitious renewable energy goals just keep getting bigger. The country is planning on doubling its solar energy target for 2015 from 5 GW to 10 GW, according to a new draft proposal that has been submitted to the State Council for approval. If this plan is approved, it looks like the country's 2020 target will more than double from 20 GW to 50 GW.
The main reason for this jump in solar energy goals is the falling cost of solar power recently. According to research by the Shanghai Solar Energy Research Center, the cost of solar energy production has been dropping from 10 to 20 percent each year, with the predicted cost in 2015 to be equal to the current electicity fees in China.
That makes solar energy production even more attractive to the country which is facing power shortages.via Cleantechnica
written by Jean, June 11, 2011
written by Sarah, June 13, 2011
written by Paradigm Partners, June 14, 2011
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