August 15, 2012

Chinese Renewables Commitments

The Chinese government has confirmed it has increased its target for solar energy by 40 per cent, pledging to deploy 21GW of capacity by 2015.

The move represents the second time that China has increased the target, which was first raised from 5GW to 15GW under the country's latest five-year plan.
The NEA said the latest move, which according to local media reports is accompanied by new minimum targets for renewable energy use that will be imposed on energy firms and grid operators, means renewables will account for 9.5 per cent of the country's energy mix by 2015.
The increased solar power target sits alongside existing goals to deliver 100GW of wind power and 290GW of hydropower capacity by the middle of the decade, which look set to further cement China's position as the world's largest renewable energy market.
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