China targets to be the largest solar market in the world

26.02.2010

This initiative is expected to yield huge energy savings across China, and project experts say that Beijing's solar energy power generation capacity will total 70 megawatts (MW). The output value of its solar energy industry is expected to exceed 20 billion yuan in 2012, and by the year 2020 capacity may reach 300 MW.

The intentions behind these efforts are great but it will be some time before solar energy becomes popular among customers, because of its often prohibitive costs. This situation may change, due to government subsidies and as the technologies behind it mature. Overall, the "Golden Sunlight Projects" should help reduce production costs in China, by offering companies viable options to on-grid and traditional electricity.