• 5 minutes Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 9 minutes Sell out now or hold on?
  • 16 minutes Oil prices going down
  • 49 mins Oil prices going down
  • 3 hours Oil and Trade War
  • 3 hours When will oil demand start declining due to EVs?
  • 16 hours Two Koreas Agree To March Together At Asian Games
  • 1 hour After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 5 hours Sell out now or hold on?
  • 6 hours Russia and Saudi Arabia to have a chat on oil during FIFA World Cup - report
  • 7 hours Correlation Between Oil Sweet Spots and Real Estate Hot Spots
  • 3 hours venezuala oil crisis
  • 2 hours Trump Hits China With Tariffs On $50 Billion Of Goods
  • 3 hours Germany Orders Daimler to Recall 774,000 Diesel Cars in Europe
  • 25 mins What If Canada Had Wind and Not Oilsands?
  • 7 hours Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 16 hours Geopolitical and Political Risks make their strong comeback to global oil and gas markets
  • 13 hours Trump Renews Attack On OPEC Ahead Of Group's Production Meeting
  • 2 hours The Wonderful U.S. Oil Trade Deficit with Canada

Breaking News:

Egypt Raises Fuel Prices By Up To 50%

Who Gets Hold Of Russia’s Key Oil Hub?

Who Gets Hold Of Russia’s Key Oil Hub?

25 percent of the Novorossiysk…

China Takes Advantage of Low PV Prices to Quadruple 2015 Solar Energy Target

Due to the massive in-balance between supply and demand for solar cells, largely due to the huge manufacturing output of China, prices of PV panels have fallen to unprofitably low levels. Solyndra was the biggest and most famous of the companies to fall due to the low profit margins.

Whilst the low prices can stimulate demand, they also deter new companies from entering the market, which means fewer teams researching solar technologies; a move that could harm the promising growth both in size and efficiency that the solar industry has seen lately.

It seems that China is looking to take advantage of its huge PV cell manufacturing industry, and also attempt to readdress the balance between supply and demand, by quadrupling its 2015 solar power target.

At the end of 2011 China boasted about 3.1GW of installed solar capacity, yet the new target will see a further 21GW developed in projects across the country before 2015.

The initial 2015 target was a much more modest 5GW, with the 2020 target at 20GW, but due to the huge potential for solar power in China, and the readily available supply of PV panels, they have brought their targets forwards.

Lian Rui, a senior analyst for Solarbuzz, said that, “with a significant tumble in photovoltaic prices, the timetable for mass use is ahead of time. The new target is still very conservative; we expect the installation to surpass 30 gigawatts.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News