China Should Promote Solar Sector’s Healthy Expansion, NEA SaysBloomberg News
China asked local governments to study policies supporting the development of solar energy in their districts and to explore new markets for the distribution of the technology.
Authorities should look closely into the guidelines for adopting the use of solar power, starting with small experimental projects before rolling them out on a bigger scale, Wu Xinxiong, the head of the country’s National Energy Administration, said in a statement on its website yesterday.
China, the world’s largest solar panel maker, is seeking to boost domestic demand for the products as rising trade tensions with the European Union slow exports and governments reduce clean-energy subsidies. China and Japan are forecast to become the world’s two top solar markets this year, according to Bloomberg New Energy Finance.
The European Union this month imposed provisional tariffs at an initial rate of 11.8 percent on imports of solar panels from China after an investigation found they were being sold in the 27-nation bloc at less than their production cost.
China said in a statement on the central government’s website on June 14 that it would boost demand for solar-generated electricity on the mainland and provide easier financing to manufacturers. Wu said solar is an important renewable energy source and an emerging industry in which China has a global competitive advantage.
— With assistance by Liza Lin