China Targets 70GW of Solar Power by 2017, says Bloomberg

published: 2014-05-19 18:07 | editor: | category: News

Renewable energy is a solution to carbon emission and climate change. As the world’s biggest carbon emitter, China has been encouraging solar power development and installation to lower its emission volume. To cut its reliance on coal, China will further target its PV installation target to 70GW by 2017.

Bloombergsaid in a report that China aims to double its previous PV installation target for 2015; additionally, the nation also plans to install 150GW of wind power, 11GW of biomass power and 330GW of hydropower by 2017. The National Development and Reform Commission’s website indicates that the nation plans to get 13% of the necessary power from non-fossil fuels, this includes renewable energies mentioned above and 50GW of nuclear power by 2017.

“This suggests the trend that China will develop alternative energy is stable,” Wang Xiaoting, a Hong Kong-based analyst from Bloomberg New Energy Finance, said to by phone. “The new solar target set for 2017 will be easily attained if China keeps the current development pace.”

According to EnergyTrend’s data, China has installed about 14GW of solar power until 2013. With the Chinese government’s 2014 new PV installation target of 14GW, the total solar capacity may achieve up to 28GW by the end of 2014.

Data from China’s State Electricity Regulatory Commission shows that the expected power consumption in 2017 would be 1000GW. If all the installation targets are achieved, clean power would represent almost 56% of total power needs in China by 2017. 70GW of solar power would share about 7% of the consumption.

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