12 December 2012 — China is ready to lift its target for the deployment of solar to 40 gigaWatts by 2015, journalist Giles Parkinson reports, China ramps up 2015 solar target to 40GW, in Renew Economy.
Mr Parkinson reports that just 18 months ago, the 2015 target for 2015 was just 5GW. But more than that has been installed this year alone, he says.
“China has been looking to upgrade its targets to help its solar manufacturing base, which is suffering from overcapacity, and falling demand from European nations, where feed-in tariffs have been cut back or eliminated,” he writes.
“On Tuesday, the government announced that the total amount of projects approved under the second batch of its Golden Sun program was 2.8GW, well ahead of the 2GW expected, taking this year’s allocation to 4.5GW.”