Published on May 18th, 2014 | by James Ayre18
China To Triple Solar Capacity To 70,000 MW By 2017, To Help Reduce Air Pollution
May 18th, 2014 by James Ayre
China has thrilled the solar industry in the past few years with bigger and bigger solar installation targets. Of course, this also came on the back of solar capacity oversupply and a solar manufacturer shakeout that put many non-Chinese solar companies out of business, but it has also helped to pull manufacturers out of a financial crisis and further drive down the cost of solar for customers and the developers and installers who benefit from growing demand. China’s latest announcement is a pretty impressive solar target of 70,000 megawatts by 2017.
However, anyone who has followed the China solar story over the past few years knows that we may well see that target raised higher before too long. Furthermore, if the driving factor is air pollution, and China is going to be building even more coal power plants in the coming years, the push for clean energy is only going to get stronger. Anyhow, for more information on the new China solar target, see this Solar Love repost:
China just seems to be getting ever more ambitious with its renewable energy targets, as recent announcements have shown. Or is “ever more desperate” the more accurate way to put it? In a recent announcement, the Chinese government revealed that…