China doubles targets for PV installation

China has doubled its global target for the installation of PV generation systems to be achieved by 2020. While so far the target was 25 GW, the government now aims at 50 GW of rated PV power installed countrywide by the end of the decade. This information was reported by the analysts of IMS Research. Different sources report a intermediate target of 21 GW that should be achieved by 2015. According to IMS Research, the government thus pursues two objectives: one is to restore confidence among Chinese PV producers, the other to meet the massive energy requirements of the country. Average capacity utilization within the Chinese PV polysilicon production fell below 50% in the second quarter of 2012, said analayst Frank Xie of IMS. At the same time, PV module prices decreased by 7%.

 

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