China expects to expand its solar energy capacity to 35 GW by 2015 in an effort to give a boost to manufacturers amid a drop in global demand and frequent trade disputes involving solar panels, the Council of State said Monday.
The Asian giant plans to add 10 GW annually of solar generating capacity between now and 2015 to achieve its goal of 35 GW in capacity, council officials told the official Xinhua news agency.
The previous solar generating capacity goal was 21 GW.
"The solar energy companies in China face tremendous difficulties, such as the drop in global demand for solar products, strong resistance to exports of products and the uncoordinated development of the sector," the Council of State said.
The government plans to increase "financial support" to the solar industry and banks are beig asked to provide loans to manufacturers, the council said. EFE