National Energy Administration Already Achieved 2015 Solar Power Target for

National Energy Administration reached solar energy target for 2015According to the National Energy Administration, China has already doubled their solar energy target for 2015.  Following the announcement, the government will be expecting a 20 percent drop in price for domestic solar power in the next five years.

China is one of the world’s biggest consumers of energy and the country has been relying on coal for seventy percent of their energy needs. China is aiming to generate around 11 percent of its energy needs by using non-fossil fuels by 2015 as a part of their five year plan. China is also facing an energy shortfall this summer of up to 40 gigawatts.

China’s economic planning body modified their five year plan to respond to concerns on any nuclear power fallout like the Japan Fukushima disaster.  Still, there are issues that need to be confronted, such as to standardize feed in tariff and grid connections without standard policy. Also experts say that achieving the 10 gigawatt target is difficult if there are no incentives that will help boost development.

Once achieved the cost of solar energy in China will drop to around 12 cents an hour by 2015.

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