May 6, 2011 / 12:17 AM / 9 years ago

China doubles solar power target to 10 GW by 2015 -paper

SHANGHAI, May 6 (Reuters) - China has doubled its target for installed photovoltaic power capacity over the next five years to 10 gigawatt (GW) by 2015, the Shanghai Securities News said on Friday, citing an official from the research arm of the National Development and Reform Commission (NDRC).

The government has also raised its installed solar capacity target for 2020 to 50 GW, up from the previous goal of 20 GW, said Li Junfeng, deputy director-general of the Energy Research Institute of the NDRC.

The NDRC will soon issue a five-year blueprint for the country’s photovoltaic power industry as well as a policy framework for the sector, said Li.

China is the world’s largest exporter of photovoltaic products and home to some of the industry’s top players, such as Trina Solar , JA Solar , Suntech Power and LDK Solar .

China was again the world leader in clean-energy investment last year, ahead of Germany and the United States, according to a report by the Pew Charitable Trusts. [ID:nN29266864] (Reporting by Fayen Wong and Chen Yixin; Editing by Ken Wills)

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