China has doubled its target for installed solar power capacity over the next five years to 10 GW by 2015 and 50 GW by 2020.
The US solar photovoltaic (PV) market will double in 2011 according to research from Solarbuzz. The US solar PV market is projected to grow to reach as high as 6.4 GW by 2015 depending on the scenario, a constant annual growth rate of 47%. Worldwide PV market installations reached a record high of 18.2 GW in 2010
Source: Solarbuzz Marketbuzz 2010
Progress on low-carbon energy will come from a four-fold growth in nuclear power to 40GW (gigawatts), 63GW of new hydroelectric capacity, a growth of 22GW in gas-fired generation18, 48GW19 of new wind capacity to more than double the current capacity and solar capacity expected to reach 5GW of by 2015. The country aims to have 100 gigawatts (GW) of on-grid wind farm generating capacity by the end of 2015 and to generate 190 billion kilowatt hours (kWh) of wind energy annually, the China Securities Journal reported, citing a government plan. Of the planned 10 GW of solar power capacity in 2015, photovoltaic power installations will account for 9 GW and concentrated solar thermal power capacity will make up the rest, the report said.
Targets disclosed early 2011 Latest targets for 2015 Hydropower 250 260 Wind 90 100 Solar 5 10 Bio-energy 13 13 Geothermal N/A 0.1 Tidal wave N/A 0.01-0.02 Nuclear is targeted for 40 GW which is the equivalent of 200 GW of solar and 160 GW of wind. Higher capacity factor for nuclear.
Last month, the country set unified grid feed-in tariff for solar power generation for the first time ever, giving clearer guidance for solar power project developers when making investment decisions.
In 2010, U.S. exports of solar products skyrocketed 83 percent to $5.6 billion thanks to Chinese demand for raw material and equipment used to make photovoltaic modules, according to a new report by GTM Research from the Solar Energy Industries Association. More importantly, the U.S. was a $1.9 billion net exporter of solar energy products.