China bails out its solar sector. Shares of Chinese solar companies soar.

December 18, 2012 Clean Energy 

REW: “Shares in Chinese solar companies soared after the government allocated a further 7 billion yuan ($1.1 billion) of subsidies for domestic installations this year, taking the year’s total to 13 billion yuan ($2 billion), according to the official Xinhua News Agency.”“News of further financial support came after Xinhua reported China may double its upper limit for solar power capacity to 40 GW by 2015. Elsewhere, the Shanghai Securities News said officials may double their target for solar installations, while China’s Ministry of Science and Technology confirmed subsidies for more than 100 developers with a combined capacity of 2.8 GW. The payouts, under the Golden Sun program, are the second round announced this year.”

 

Comments

Comments are closed.

  • The Winning of The Carbon War

    Humanity is in a race, a kind of civil war. Believers in a safe future fuelled by endless sunlight and related forms of clean energy combat defenders of finite carbon fuels careless of the impact they have on the world by clinging to coal, oil, and gas. Jeremy Leggett fought for the light side for a quarter of a century as it lost battle after battle to the dark side. Then, in 2013, the tide began to turn. By 2015, it was clear the light side could win the war. Leggett’s diary from the front lines tells one person’s story of those turnaround years, and what they can mean for the world.
  • The book in a minute

  • On doing without fossil fuels

    Fossil-fuel companies like to tell people they are being naive to think they can live without them. These young ladies from the UK Youth Climate Coalition seem to have a different view.
  • Introducing The Energy Of Nations

    Download chapter one, read the reviews and find out how to order here.