#1 cleantech news, reviews, & analysis site in the world. Subscribe today. The future is now.

Green Economy

Published on January 16th, 2013 | by Adam Johnston


China Targeting 10 GW of New Solar Capacity In 2013

January 16th, 2013 by  

We are two weeks into the new year and China continues its march towards clean energy dominance. The Asian giant is aiming to have up to 10 gigawatts (GW) of new solar capacity this year.

According to PV Magazine, if successful, will more than double its total capacity currently at 7GW.

Meanwhile the country envisions having a total of 21GW by 2015.

Seven gigawatts is pretty impressive for solar capacity for any country, especially China, and how rapidly they have gotten there.

In 1999, China only had 16 megawatts (0.016 GW). Ten years ago in 2003 that number sat at 42MW (0.042GW), while in 2008, Chinese solar capacity grew to 140MW(0.14GW).

The recent announcement has been apart of a string of positive news within China’s solar industry. Yingli Green Energy also became the largest solar company in the world, beating out Suntech. Yingli shares have also jumped up within the past month from its month low on December 17th at $2.31/share to its most recent high of $3.05/share on January 9th. Share prices at the end of trading on January 15th were $2.90/share.

How Far Can China Continue to Move Up the Solar Ladder?

There is no doubt China continues to move its way up the renewable energy ladder in solar and wind. If China’s economy continues to rebound, furthering the need for cleaner energy, solar energy capacity targets now targeted for China, could easily be beaten. 


Tags: , , , , , ,

About the Author

is expected to complete the Professional Development Certificate in Renewable Energy from the University of Toronto by December 2017. Adam recently completed his Social Media Certificate from Algonquin College Continuing & Online Learning. Adam also graduated from the University of Winnipeg with a three-year B.A. combined major in Economics and Rhetoric, Writing & Communications in 2011. Adam owns a part-time tax preparation business. He also recently started up Salay Consulting and Social Media services, a part-time business which provides cleantech writing, analysis, and social media services. His eventual goal is to be a cleantech policy analyst. You can follow him on Twitter @adamjohnstonwpg or check out his business www.salayconsultiing.com.

Back to Top ↑