China Needs to Increase Solar Installations to 200 GW to Meet Energy Demands
Published By : 14 Aug 2015 | Published By : QYRESEARCH
China Renewable Energy Industry Association (CREIA) stated, the country needs to increase its solar power production capacity at least sixfold in the coming five years if it has to meet the energy targets. The association further added that China will be unable to meet the energy demand if it continues to rely on its production of nuclear and hydropower capacities.
Currently China plans to increase its contribution of non-fossil fuels to 15% in the entire energy mix by 2020. Until last year, the country was only adding 14% of non-fossil fuel to the total energy mix. The move to make greater non-fossil fuel contributions to national energy production comes as a part of an attempt to decrease the dependence on coal and meet the expectations set on climate change with United Nations.
To match these plans China will have to increase its solar installation to 200 gigawatts by the end of 2020 from 35.78 gigawatts currently, if it wants to reach anywhere close to the goals it has set for itself.
Currently China is working on a five-year plan stretched over 2016-2020, which includes setting up new capacities targets for various renewable energy sectors. Most of the efforts of several industry groups are focused toward garnering support for this plan.
According to CREIA, China is the largest producer of raw materials such as solar wafers and batteries, and polysilicon. However, the government needs to focus on ways to allocate subsidies judiciously and lessen the burden of tax on solar power developers.
The nuclear development plans for China have not been on schedule due to a long delay on approvals of new projects after the 2011 Fukushima disaster in Japan.