NewEnergyNews: Solar Skyrocketing In China

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    Friday, August 05, 2016

    Solar Skyrocketing In China

    China installed 20 GW of solar power in first-half; triple from a year ago

    Kathy Chen w/Christian Schmollinger, July 22, 2016 (Reuters)

    “China installed 20 gigawatts (GW) of solar power capacity in the first half of 2016, three times as much as during the same period a year ago…The surge in capacity extended China's lead over Germany as the top solar generator…China' government decreed in late 2015 that only projects that were operational by June 30, 2016, would be eligible for a 'feed-in tariff' of roughly 1.0 yuan (15 U.S. cents) per kilowatt hour (kwh), while projects completed after that date would be eligible for a lower tariff rate…Production of solar photovoltaic (PV) modules also increased to 27 GW, up by 37.8 percent in the first half of the year…China surpassed Germany as the largest solar power generator worldwide last year, with installed PV capacity totaling 43 GW as of the end of 2015…[T]otal new solar capacity is expected to be 30 GW by year-end, [far greater than the government’s 18.1 GW target]…” click here for more

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