China to release plan on solar energy

China wants to install enough rooftop panels by 2015 to reach a maximum capacity of 300 MW, a tenfold increase of its current capacity, China Securities Journal reported.

The Chinese government plans to expand its concentrated solar energy capacity to 3 GW by 2020. China has recently emerged as the world’s dominant player of solar power. China has set a target of creating 1 GW of concentrated solar energy (CSP) by 2015.

The goal is included in the 12th Five-Year Plan (2011-2015) for renewable energy, which is expected to be released soon by the State Council.

China will produce a maximum capacity of 10 GW in overall solar power by 2015 and 50 GW by 2020, according to the plan.

With the large-scale construction of solar power stations, private companies developing solar power products will embrace more opportunities in an industry dominated by State-owned enterprises, according to analysts.