2014 was always going to be a good year for wind and solar power in China, but it seems it’s going to get even better.
According to Bloomberg, citing a China Central Television report, the nation now has its sights set on installing 14 gigawatts of solar capacity and 18 gigawatts of wind power in 2014. Additionally, 20 gigawatts of hydroelectric capacity will be approved this year.
The country is aiming for renewables to achieve parity with coal-fired power by 2020.
Companies on the nation’s “winners” list, such as Daqo New Energy and Yingli Green Energy, will no doubt be rejoicing over the announcement as these firms will be given preferential treatment in terms of domestic tenders; plus benefit from export tax rebates. The goal of the list is to thin down the PV manufacturer herd in China after recent over-supply issues.
In related news, Yingli Green Energy has recently chalked up a recent significant win in another country. Its wholly-owned subsidiary, Yingli Japan, has entered into a distribution agreement with Japanese PV system provider XSOL. Under the terms of the agreement, XSOL will sell and promote YGE 60 Cell Series modules.
XSOL sold over 137 MW of solar panels in the previous financial year (ended May 31, 2013) and has recently expanded into Japan’s commercial market after initially focusing on its residential sector.
Yingli YGE solar panels were a top ranking module in a 2012 TÜV Rheinland Energy Yield Test (ranked 2nd) and a 2012 PHOTON Field Test (ranked 5th).
Yingli is now the world’s largest producer of solar modules and more than 30 million Yingli panels have been shipped to date. The company also recently announced a joint venture with China National Nuclear Corporation (CNCC) subsidiary, China Rich Energy to develop solar power projects across the country.
