China’s Ministry of Industry and Information Technology announced on Friday that the country aims to increase production of solar panels and materials, newspaper China Daily writes. The cost of domestic solar power is to go down to 0.8 yuan per kWh by 2015 and further to 0.6 RMB by 2020. Five-year plan states that cost of solar panels will go down swiftly as well.
Under the plan the leading polysilicon manufacturers in the country are required to reach 50 000 ton production capacity and leading solar panel makers to reach 5 GW. It is said that China will further help solar companies increase sales. Solar technology firms are asked to increase conversion efficiency and 80% of solar equipment and materials are to be produced domestically. Renewable Energy Corporation (OSE: REC) has continued to slide after the news of a subsidy cut in Germany triggered a correction.
No comments:
Post a Comment