China boost 2015 solar capacity target to 21 GW - report

Jul 2, 2012 - China has lifted to 21 GW the national solar capacity target by 2015, the fourth and last increase according an official from the Bureau of Energy, quoted by financial information website Zhongzheng Wang.

The new goal comes as good news in the midst of quite turbulent times for the sector, with subsidies for solar installations being cut significantly in many key markets in Europe. Solar equipment manufacturers all over the world are struggling with overcapacity and falling sales prices.

China's initial photovoltaic capacity target for the 12th five-year plan between 2011 and 2015 was 5 GW, which was later raised to 10 GW and then to 15 GW. The website cited the unnamed official as saying that the 21-GW target would not be changed again and that the plan would soon be published.

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