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China to have 20 GW of installed solar power capacity by 2020

Posted on: Thu, 05 Nov 2009 02:57:00 EST

Symbols: ZZFNV, TSL

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BEIJING, Nov 05, 2009 (Xinhua via COMTEX) --
TSL | Quote | Chart | News | PowerRating -- China is likely to attain more than 20
GW of installed solar photovoltaic (PV) capacity by 2020, more than
10 times the original 1.8 GW goal, said Shi Dinghuan,
director-general of the China Renewable Energy Society.

Gao Jifan, chairman of Trina Solar Limited (TSL.NYSE) said that
multi-crystalline silicon now is in slight oversupply, which will
help drive down the cost of solar power generation.

The prices of polycrystalline silicon will remain stable this
year, said Stefan Kratz, general manager of Q-Cells SE in China.

Gao expected that China's average solar power cost would drop to
one yuan/kW by 2012, 0.7 yuan/kW by 2015 and 0.4 yuan/kW by 2020.

Chinese investors and local governments have poured a massive
amount of money into solar power investment, despite concerns about
over overcapacity.

China saw more than 40 solar power deals signed so far this year
with 12 GW of total capacity, according to Shi Dinghuan.

Chinese solar investors have also cast an eye on thin-film solar
power, solar thermal power and concentrated solar power, with the
help of technologies on off-grid power generation, smart grid and
energy reservation.

For full details on (ZZFNV) ZZFNV. (ZZFNV) has Short Term PowerRatings at TradingMarkets. Details on (ZZFNV) Short Term PowerRatings is available at This Link.

For full details on Trina Solar Ltd. (TSL) TSL. Trina Solar Ltd. (TSL) has Short Term PowerRatings at TradingMarkets. Details on Trina Solar Ltd. (TSL) Short Term PowerRatings is available at This Link.

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