26.02.2010 kl 21:38 | IDG News Service
Going green is profitable as well as good for our environment and apparently China's policy-maker understands this. The nation is doing its best to promote energy-saving industry, and focusing on the solar system project.
Going green is profitable as well as good for our environment and apparently China's policy-maker understands this. The nation is doing its best to promote energy-saving industry, and focusing on the solar system project.
China has announced "Golden Sunlight Projects" in Beijing. This initiative is designed to make the country's solar market the largest one in the world.
First solar city in China
The capital of one of the fastest growing economies in the world will soon be set up as the first solar city in China. Future plans to expand the "Golden Sunlight Projects" will depend largely on the success of Beijing's solar city efforts.
The growth of the country's solar sector will be managed by China Innovation Investment Limited. Few projects have already been approved and passed by the Beijing Municipal Commission of Development and Reform. The approved six major "Golden Sunlight Projects" are set to accelerate the development of new and improved solar systems, and market new energy products.
Huge power generation capacity
This initiative is expected to yield huge energy savings across China, and project experts say that Beijing's solar energy power generation capacity will total 70 megawatts (MW). The output value of its solar energy industry is expected to exceed 20 billion yuan in 2012, and by the year 2020 capacity may reach 300 MW.
The intentions behind these efforts are great but it will be some time before solar energy becomes popular among customers, because of its often prohibitive costs. This situation may change, due to government subsidies and as the technologies behind it mature. Overall, the "Golden Sunlight Projects" should help reduce production costs in China, by offering companies viable options to on-grid and traditional electricity.
Source: http://news.idg.no/cw/art.cfm?id=0C440AC1-1A64-6A71-CE03A349949FE62C
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