Optimum Energy Sourcing Co., Limited

With 14 of the world’s 55 gigawatt solar panels installed in the country, China became the largest solar panel market in 2015. This rapid expansion of investment into solar energy can be attributed to the generous incentive programs that the country offers, as well as the government’s five-year plan to hit 100 gigawatt installations by 2020. Other studies, such as one conducted by Xinhua, forecast an even brighter outlook for the industry, with figures as large as 150 gigawatts by 2020 predicted.

Solar Power Generation

Revenue in China’s solar power generation industry rose at an annual rate of 145.3 percent between 2010 and 2015, totaling US$2.6 billion. This amount was largely spurred by rising household demand for electricity, which has caused several cases of power supply shortages in the past and brought exceptional demand for solar power generation.

Environmental consciousness and pollution problems have also contributed to the want to shift from a reliance on imported fossil fuels to renewable energies. Under the twelfth five-year plan, the State Energy Administration made aims to increase solar power generation capacity from 860 megawatts to 21 gigawatts. However, China’s solar power resources and infrastructure are fragmented, and a more cohesive and developed distribution network will be required to efficiently utilize its solar power generation capability.

From http://www.china-briefing.com/news/2016/02/19/investing-in-chinas-solar-energy-market.html
By Dezan Shira & Associates
Editor: Jake Liddle