While Chinese photovoltaic manufacturers continue to struggle to return to profitability, in light of current oversupply in the market, its government has continue to ramp up its installed capacity targets. The latest announcement, which has come from the Chinese government website, indicates that it now aims to install 10 GW of new solar capacity this year.
In its report Reuters notes that, if achieved, 10 GW of new solar capacity in 2013 would see China well on the way to meeting its previously announced goal of 21 GW of capacity by 2015.
The international news site has also reported that solar stocks have continued to rally on the news. Already helped by news last week that Warren Buffets Berkshire Hathaway through MidAmerican Holdings will pay approximately US$2.5 billion for SunPowers Antelope Valley Solar Projects, solar stocks have seen a welcome improvement in the New Year.
However, analysts Reuters spoke to regarding the news have been less than enthusiastic about stocks in solar photovoltaic manufacturers. "If you look at how much supply there is in the world relative to demand, even if China grows by 10 GW this year, it really is not enough to fix the problems that exist in the solar sector, Morningstar analyst Stephen Simko told Reuters.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.