China to double solar capacity by year end: report

Reuters
China will double its solar capacity to around 2GW 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.
To encourage the construction of more solar power plants, the [National Development and Reform Commission (NDRC)] has set unified benchmark grid feed-in power tariffs for solar projects for the first time ever earlier this month.
The rates, set at 1 yuan for each kWh, were higher than many of those that were proposed and accepted by state-owned solar-power developers in China's previous official tenders, which ranged from 0.73 to 0.99 yuan for each kWh last year.
The solar feed-in tariff (...) 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.
The report also said China was expected to produce 90,000 tonnes of polysilicon this year, representing 80 percent of its domestic demand.