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China Set to Double 2015 Solar Target to More Than 40GW

OilPrice.com
Tuesday, 18 September 2012

In attempts to reduce the oversupply of cheap solar panels on the market, as well as provide itself with cheap, clean, renewable energy, China is installing huge numbers of solar PV farms.In the past year and a half it has had to increase its 2015 PV target capacity 3 times, up from an initial 5GW to 21GW; the installation capacity for 2012 alone is expected to be around 7GW. If China just leaves its solar industry to develop as it is, then at its current rate it would reach over 30GW of installed capacity by 2015, and therefore it is believed…

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Source: Bloomberg - on September 11, 2012

News video: China Needs Consumption More Than Investment, Ahya Says

China Needs Consumption More Than Investment, Ahya Says

Sept. 11 (Bloomberg) -- Chetan Ahya, a Hong Kong-based economist at Morgan Stanley, talks about China's economy. China’s new lending was the highest of any August on record as the government tries to reverse an economic slowdown that threatens to cost jobs and undermine support for the...

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