Chinese Solar to Jump Fourfold by 2020, Official Tells Xinhua

Solar power capacity in China, already the world’s largest market, will jump more than fourfold by 2020, according to a senior official cited on Oct. 13 by the government’s official news agency.

Solar capacity in China will reach 150 GW in five years, up from 35.8 GW at the end of June, Dong Xiufen, director of new energy for the National Energy Administration, told the Xinhua news agency. The government’s goal is to boost photovoltaic-power capacity by 20 GW annually from 2016 to 2020, according to Xinhua’s report.

The increase would come amid signs of an economic slowdown in China and would require growth above what analysts have predicted. Bloomberg New Energy Finance in August forecast 17.5 GW of solar power would be installed this year, up 35 percent from 13 GW in 2014.

China will also continue to push mergers and acquisitions among domestic solar companies as well as technological advances, Huai Jinpeng, deputy head of the Ministry of Industry and Information Technology, said in the Xinhua report. He said further efforts are needed in research and development and company financing.

©2015 Bloomberg News

Lead image: Solar energy in China. Credit: Shutterstock.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013