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New PV stimulus package to offset EU barriers


20:35, July 17, 2013

NANCHANG, July 17 (Xinhua) -- The government has introduced a new stimulus package to boost the development of the domestic photovoltaic (PV) industry and offset the negative impact from punitive EU duties imposed in June.

Just one year after announcing an increase in its cumulative PV capacity target to 21 million kilowatts (kw) for 2015, the government said Monday that it is raising the target to 35 million kw.

To boost PV use in the domestic market, the government will build 100 distributed PV demonstration zones and 1,000 distributed PV demonstration towns and villages, according to the statement released by the State Council on Monday.

The government is also encouraging the expansion of small-scale distributed PV generation, such as residential PV installations, throughout the country.

The new goal will create market demand totaling 100 billion yuan (16.2 billion U.S. dollars), industry insiders have calculated.

The government's attempts to reinvigorate the PV industry have seen positive effects since last year.

Jiangxi Solar PV Corp., a manufacturer of crystalline solar cells in east China's Jiangxi Province, resumed production in April after an 8-month production halt.

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