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China hikes 2015 solar power target by 40 pct

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BEIJING, Aug 8 (Reuters) – China has hiked its 2015 target for solar power capacity by 40 percent to 21 gigawatts (GW), a government agency said on Wednesday, with falling costs and new regulations boosting growth in the sector. China, the world’s largest exporter of photovoltaic products and home to firms such as Suntech Power and LDK Solar , in August 2011 standardized tariffs for energy fed into the national grid, reducing costs for solar power developers. That helped drive an estimat … Read more

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