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China to double solar capacity by year end: report

Fri, 08/12/2011 - 8:29pm
Reuters

SHANGHAI (Reuters) - China will double its solar capacity to around 2 gigawatts (GW) by the end of the year as the world's largest solar-panel maker ramps up domestic installation, a local paper said on Saturday citing a government-linked think tank.

The solar feed-in tariff, the price of solar-generated electricity, could drop below 0.80 yuan (12.5 cents) for each kilowatt-hour (kWh) by 2015, which would be on par with conventional coal-fired power tariffs by that time, according to s report by the Energy Research Institute, led by the National Development and Reform Commission (NDRC).

The report also said China was expected to produce 90,000 tonnes of polysilicon this year, representing 80 percent of its domestic demand.

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