NewEnergyNews: CHINA UPS SOLAR MOVE

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    Friday, August 07, 2015

    CHINA UPS SOLAR MOVE

    China Getting Serious About Solar Energy

    Gaurav Agnihotri, August 3, 2015 (Nasdaq)

    “…China is now considered to be the fastest growing market for solar energy for the next five years…China also has a dubious distinction of being the world’s largest carbon emitter…[so it] continues to announce ambitious clean energy targets…[It] has raised its solar target for 2015 from 15 gigawatts to 17.8 gigawatts…[and] at $89.5 billion, China has now become the largest market for renewable energy…[I]ncreased usage of coal and Petcoke (which produces even more CO2 emissions than coal) has resulted in higher levels of pollution and greenhouse gas emissions…[which is] why the Chinese government is so keen to invest in solar energy…As a part of its future energy strategy, China announced…that by end of 2020, the total solar capacity in China would be increased from 15 gigawatts (end of 2013) to 100 gigawatts…[and has already started] constructing its largest solar power plant which will be spread over 10 square miles in the Gobi desert in its Qinghai province. With a total installed capacity of 200 megawatts, this upcoming solar power plant, when completed, will be capable of providing energy to nearly a million households…[It] will use heliostats for focusing the sunlight on a centrally located tower in order to generate energy…” click here for more

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