Thursday 25 June 2009

China's massive PV stimulus 20 GW by 2020.

Chinese government has set a new target of adding 20 GW of installed photovoltaics (PV) power generating capacity in the 10 years from 2010 to 2020, which means an increase of two GW for each year, a president of a Chinese solar PV enterprise was quoted by Xinhua-run Shanghai Securities News as saying.

?The figure is bigger than the current combined installed capacity of the globe, and it?s really a big stimulus to PV enterprises, meaning huge market space of home PV industry,? said the company president who has been invited to give opinions on the pending stimulus plan for new energy industry by the National Development and Reform Commission.

He also predicted that China is likely to publish its new energy industry stimulus plan next month at the soonest.

According to him, the plan raises the target for the installed capacity of the photovoltaics industry from 1.80 million kw to 20 GW by 2020.

China now has several solar PV enterprises listed in foreign stock markets. They include SunTech Power Holdings Co., Ltd. (STP.NYSE), LDK Solar Co., Ltd. (LDK.NYSE), Trina Solar Limited (TSL.NYSE), Solarfun Power Holdings Co., Ltd. (SOLF.Nasdaq) and China Technology Development Group Corporation (CTDC.Nasdaq), Yingli Green Energy (YGE.NYSE), and JA Solar (JASO.NASDAQ).

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