The price of solar energy in China will drop by 20% by 2015 by measures designed to promote large-scale use of renewable energy sources.
“The cost of solar energy will fall to 0.8 yuan (12 cents) per kilowatt hour in 2015 when the industry begins to use large-scale, which will make it as viable as the wind from the economic point of view” said Liang Zhipeng, deputy director general of renewable energy department of the National Energy Administration of China (NEA).
According to the Five-Year Plan for Economic and Social (2011-2015), China will have to end with an installed capacity of 10 gigawatts of solar energy. Liang said that solar energy will increase from 150 to 200 megawatts per year through 2015 and 2010 amounted to 300 MW with a cost reduction of 1.09 yuan per kwh in 2009 to 0.99 yuan per kwh in 2010 according to NEA.
But still does not cover the collection costs, said Dong Xiufen, director of renewable energy department of the NSA. China is the largest supplier of solar panels in the world and produces 50% of the global total and is also the main market for Chinese solar panels with an eye to emerging countries and in 40 African countries.