Page 6 - SCBJ-201604
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NA BRIEFING South China Business Journal
WHO
Loves
the Sun?
Investing in
EChnSienroag’yslar
Market
WITH 14 OF the world’s 55 gigawatt
solar panels installed in the country,
China became the largest solar panel market
in 2015. This rapid expansion of investment
into solar energy can be attributed to the
generous incentive programs that the country
offers, as well as the government’s five-year
plan to hit 100 gigawatt installations by
2020. Other studies, such as one conducted
by Xinhua, forecast an even brighter outlook
for the industry, with figures as large as 150
gigawatts by 2020 predicted.
Solar Power Generation
Revenue in China’s solar power generation
industry rose at an annual rate of 145.3
percent between 2010 and 2015, totaling
US$2.6 billion. This amount was largely
spurred by rising household demand for
electricity, which has caused several cases
of power supply shortages in the past and
photo from www.nipic.com
4
WHO
Loves
the Sun?
Investing in
EChnSienroag’yslar
Market
WITH 14 OF the world’s 55 gigawatt
solar panels installed in the country,
China became the largest solar panel market
in 2015. This rapid expansion of investment
into solar energy can be attributed to the
generous incentive programs that the country
offers, as well as the government’s five-year
plan to hit 100 gigawatt installations by
2020. Other studies, such as one conducted
by Xinhua, forecast an even brighter outlook
for the industry, with figures as large as 150
gigawatts by 2020 predicted.
Solar Power Generation
Revenue in China’s solar power generation
industry rose at an annual rate of 145.3
percent between 2010 and 2015, totaling
US$2.6 billion. This amount was largely
spurred by rising household demand for
electricity, which has caused several cases
of power supply shortages in the past and
photo from www.nipic.com
4
