China, the largest exporter of solar energy, wants to reach 10 gigawatts of solar energy by 2015, making a great leap from the current 1,000 megawatts. The new target of doubling the target set at 5 GW above and respond to growing concerns about the safety of nuclear plants after the accident in Fukushima.
China in 2010 was consolidated as the first country in terms of investment in renewable energy, both photovoltaic and wind as solar, not to mention electric vehicles. China in 2010 spent $54,400 million in renewable energy, 39% more than in 2009, according to a report by Pew Charitable Trusts, a U.S. non-profit independent organization. In 2009, China overtook the United States to be the first country in renewable energy.
According to the latest report, “Who’s winning the race for renewable energy?”, China was the first country in the world, followed by Germany and the United States third.
But still, the establishment in China of less than 1 GW of PV shows that most of its production is for export. China settled in 2010, a total of 17 GW of wind energy, and wants to reach 150 GW by 2020. China has three of the 10 largest wind turbine manufacturers in the world: Sinovel, Goldwind and Datang, and several wind turbine manufacturers have factories in China or intend to set up, such as Vestas, Gamesa, Suzlon, GE, Nordex and Siemens. Enercon is not among them, as China does not respect much intellectual property.
The installed capacity of renewable energy in China in 2010 reached 103 GW. “The new goal might be a relief to overcapacity in Chinese PV industry,” said Li Shengman, an analyst with China Investment Consulting sector. The photovoltaic industry, which now depends on exports, go to the domestic market as a solution.
The manufacturers of photovoltaic solar energy will experience a difficult year in 2011. Europe will not be the engine of growth that has been in recent years as governments have reduced premiums for PV solar energy. According to a report published in Solarbuzz, the first quarter of 2011, Germany filed a PV less than 50% in the first quarter of 2010.
China is home to the leading manufacturers of photovoltaic solar energy in the world, with companies such as Suntech, Yingli and Trina Solar, but is far behind in solar thermal.
It is recalled that China said that the risks of central Fukushima probably require to reduce the commitment to nuclear energy.