TUESDAY 07 JULY, 2009 |
China Boosts Solar Power Goals
According to a recent report on China
, China is aiming for an installed solar power capacity of 2 gigawatts by 2011,
nearly 15 times the 140 megawatt capacity it had at the end of 2008.
To spur on uptake, China is considering further enhancing incentives. It already
has a subsidy in place of of 20 yuan per watt (around AUD 3.67) for solar
panel based systems larger than 50 kW fixed on building roofs. This rebate level
covers approximately 50% of the cost of such systems.
Additionally, a feed
of approximately AUD 0.20 cents per kilowatt hour will be
implemented, although local industry experts believe it should be pegged between
24 and 27 cents to be profitable to large scale producers and to develop the
solar power market
The revised targets will provide a great boost to local solar
producers such as Suntech
Also reported via China Daily, officials say the government plans to generate
at least 15 percent
of its energy capacity from wind, solar and other
renewable energy sources by 2020. Renewable energy is expected to account for 10
percent of the country's energy resources by 2010 and could possibly even exceed
the 2020 goal, reaching 18 - 20% by that year.
Deputy director of the National Energy Administration, Liu Qi, said his
department is working
on new energy policies
, with the first phase involving investment
opportunities worth as much as 3 trillion yuan (AUD $555 billion) for nuclear,
solar, wind, biomass power and clean coal technologies.
Other news for Tuesday 07 July, 2009
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