FAST SOLAR ENERGY FACTS
Chinese PV Market
2009 CHINA PV MARKET REPORT
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Information updated July 2009
Solar Energy
While China's PV manufacturing sector maintained fast-paced growth earning it the distinction as the world's leader, the vast majority of these solar products are manufactured to satisfy the export market.
As of late 2007, China's cumulative solar PV capacity stood at approximately 115 MW, with annual installations of 23 MW.
In 2008, there were 35 MW of solar installations.
The top three regions for solar installations in 2008 were Tibet, Qinghai and Xinjiang.
In 2008, the largest Chinese PV market segment was off-grid rural projects accounting for 34% of demand.
The market will now experience very rapid growth over the next 5 years. At June 2009, project pipeline has grown to 45 identified megawatt-scale project proposals.
Government Support for Renewables
China long-term energy strategy has been shaped by the government's central planning agency, the NDRC, with the ancillary National Energy Administration (NEA) focusing on the specifics of energy supply and production.
Approximately 8% China's renewable energy mix is high for a developing country, even if this number is primarily due to its massive hydropower infrastructure.
China hopes to source 10% of its total energy consumption from renewable energy sources by 2010, with 15% set for 2020 and 30% by 2050.
China's RPS targets are supplemented with numerous national and regional solar PV market stimulation measures, including tax incentives and preferential feed-in tariff rates.
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