China has reached its 2020 solar power target three years ahead of schedule, after installed capacity topped well over its 105GW target.
New figures published by solar industry firm Asia Europe Clean Energy (Solar) Advisory (AECEA) last week revealed that China has exceeded its 2020 target of 105GW of installed solar capacity, after new builds in June and July pushed it up beyond 112GW.
Solar power is enjoying a sunny 2017 in China, after the first half of this year saw capacity increased by 24.4GW, dwarfing similar efforts in Europe, and cementing China’s status as the world’s leading solar nation.
Sun sets on nuclear as solar capacity catches up with atomic power Solar photovoltaic capacity (PV) will soon match and even overtake nuclear energy’s global capacity, according to new US research.
SolarPower Europe association urged the EU to increase the current 27% renewable energy target for 2030 to 35%.
Although China hit its 2020 target, only 1% of its energy demand is satisfied by solar power.
Feed-in-tariffs, paid to solar companies to generate power and make the market more attractive, have often arrived late, hurting the bottom lines of many of those energy firms. »
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