China aims to quadruple solar power generating capacity

Reuters

China will add about 10GW per year from 2013-15, the State Council said in a statement. If met, the increase in solar power generation would benefit not only domestic panel producers like Suntech Power Holdings and LDK Solar, but also manufacturers globally who have struggled against a flood of cheap Chinese exports. Both Europe and the US have launched anti-dumping duties against China’s solar panel exports. But analysts are sceptical, citing a lack of funding for solar subsidies and the absence of infrastructure required to harness intermittent renewable energy.

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