BEIJING (Reuters) - New solar power capacity in China, the world’s top energy user, may quadruple from last year to more than 2.0 gigawatts (GW) this year, an official of the research arm of the National Development and Research Commission (NDRC) said on Friday.
China’s total solar power capacity could reach around 3.0 GW by the end of this year, Li Junfeng, deputy director-general of the Energy Research Institute of the NDRC, told the China Energy Enterprises Summit Forum.
In August, China set unified benchmark grid feed-in power tariffs for solar projects for the first time, a move that analysts said would be positive for solar power developers given a fast falling trend in development costs.
The government has raised its installed solar capacity target for 2020 to 50 GW, up from the previous goal of 20 GW, state media have quoted Li as saying.
Reporting by Jim Bai and Ken Wills