China increases solar installation target to 21GW by 2015
The Chinese National Development and Reform Commission has increased the country's solar energy installation target from 15GW to 21GW by 2015.
According to an IMS Research report, this will push China’s solar installations over 4GW in the second half of 2012 and will further stimulate the domestic PV market as the European market decreases.
IMS Research reports that China’s capacity of c-Si modules will reach 32.6GE in Q1 ’12, even though the full year forecast for global installations is only 30.6GW.
“A more diverse range of system types will emerge in 2012, largely driven by China approving 1.7GW of projects under the Golden Sun Scheme,” commented Frank Xie, senior PV market analyst and report author. “IMS Research predicts that 1GW of Golden Sun projects will be completed by year end, and that medium and large commercial rooftop installations will reach 850MW in 2012.”