China may double its solar power installed capacity to 40 gigawatts (GW) by 2015

China may likely double its upper limit for solar power installed capacity to 40 gigawatts (GW) by 2015 from the current 21 GW, Xinhua news agency reported.

However, the exact figure is yet to be finalised, said Chinese Renewable Energy Society deputy board chairman Meng Xiangan.

Solar cell plants face tough prospects after the US and Europe launched anti-dumping measures on Chinese solar power products in November.

Meng said some high-ranking government officials have organised closed-door meetings for photovoltaic (PV) energy plants to discuss their situation.

According to a report from the National Energy Administration, China will expand its installed solar power generation capacity to 21 GW or 21 million kilowatts by 2015 — a five-fold increase from the 3.6 million kilowatts at the end of 2011.

Anticipating hostile external markets, the Energy Administration has intervened to buffer the sudden brakes from overseas, including policies to facilitate producers in exploring local markets.