China tipped to double its solar capacity target to 10GW by 2015

China is doubling its target for solar generating capacity to 10GW by 2015, according to reports in the country.

The target upgrade has been rumoured for some time. Influential financial daily the China Securities Journal cites an unnamed official saying that the revised target has been submitted to China’s State Council, as part of the renewable energy development proposal for the 12th Five-Year Plan.

The news boosted share prices of China's mainland-listed solar companies such as Shanghai Chaori Solar Energy.

While not yet approved, the target – double the original draft goal of 5GW - is expected to become official soon, says Wang Sicheng, a senior researcher on solar energy at the Log in to read complete article.

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