China confirms plan to increase to 35 GW solar target by 2015

China State Council
Chinese government confirmed that the country’s solar target to be reached by 2015 has been increased to 35 GW, according to a statement from China’s State Council. The plan was annouced by the counsellor of China State’s Council and president of the Chinese Renewable Energy Society, Shi Dinghuan, in early February. At the time, Shi Dinghuan said that the Chinese government intended to raise 69% the installed solar capacity target by 2015, in the frame of the national policy to reduce reliance on fossil fuels, without revealing how the government aimed to reach the new target. It yesterday's press release, the State Council said that the new plan will enable the domestic solar market to grow by additional 10 GW annually over the next 3 years and will help the domestic solar industry to face oversupply and reduce its dependence on exports. To that effect, the State Council revealed that the central government will ban local governments from providing financial support to failing solar manufacturers. Instead, the government will actively encourage mergers and acquisitions to ensure a stronger, consolidated Chinese PV industry