China ramps up 2015 solar target to 40GW

14 Dec. 2012 by

RENEWECONOMY - Talk out of China suggests that official bodies in that country are finally ready to lift their target for the deployment of solar to 40GW by 2015, just weeks after the official target was raised to 21GW, according to comments included in a report in China Daily this week.

Just 18 months ago, the 2015 target for 2015 was just 5GW. But more than that has been installed this year alone.

Deutsche Bank analysts noted that the updated forecast suggests that more than 10GW of solar will be installed in China in each of the next three years. Assuming that solar deployment will continue to increase rather than slow; that suggests a cumulative total of well over 100GW by 2020.


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