China Solar Power Industry Grows, But Exports Overshadow Home Market

Beijing, China [XFN-ASIA] China’s domestic solar power sector will continue to need government help in the near-term as high costs of installation and low returns deter market entry, experts said. They said the near-term market will remain export-driven and limited domestically to small industrial and commercial applications. … The central government has set a goal for renewable energy sources accounting for 10 pct of all energy consumed by the year 2010. Authorities are aiming to increase this to 16 pct by 2020. … But while the industry ramps up capacity, government incentives will be critical to shifting the attention of Chinese manufacturers away from the export market.