China may set higher targets for solar power

17:09, March 30, 2011      

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China is likely to double the existing targets of the solar power industry for the 12th Five-Year Plan period, doubling the installed solar photovoltaic capacity target for from 5 gigawatts to 10 gigawatts, China Securities Journal learned from several sources.

Although the new target is still under discussion in the industry, industrial experts said that the targets are very likely to be lifted. Industrial experts said that if the existing target can be doubled, domestic solar cell enterprises will undoubtedly benefit from it.

The immediate reason behind the drastic rise in the five-year targets of the solar cell industry is the possible adjustments to China's nuclear power development policies and targets because of safety concerns that arose from the radioactive leakage in nuclear power plants triggered by Japan's devastating earthquake.

The State Council recently specified that China will adjust and perfect its medium and long-term nuclear power development plan.

China once planned to increase the installed nuclear power capacity to 40 gigawatts by the end of the 12th Five-Year Plan period and to 86 gigawatts by 2020.

Earlier, China had planned to increase the proportion of China's non-fossil energy consumption to total energy consumption to 15 percent by 2020, 4 percent of which was to come from nuclear power consumption.

Source: Xinhua

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