Truebbach, Switzerland & Baoding, China [RenewableEnergyWorld.com] As China boosts solar energy to meet growing power demand and reduce dependence on imported fuels, Tianwei and Oerlikon Solar announced the completion of one of the mainland China’s largest thin film solar panel factories. The facility was completed ahead of schedule.
This first phase of Tianwei’s work with Oerlikon project produces 500,000 modules per year, which generates a total of 46 megawatts (MW) of power. Reaching production quickly is essential to allow Tianwei to address the rapidly growing Chinese solar market.
“Oerlikon Solar surpassed its promised completion time and efficiency,” said Ma Wenxue, general manager of Baoding Tianwei Solarfilms Co. “Watching this state of-the-art fab go from an empty room to full production in six months was stunning.”
Under the “Golden Sun” program announced on July 21, China’s Ministry of Finance will subsidize half of the construction costs for on-grid solar power plants. The ministry of finance will also pay for up to 70 percent of off-grid installations and cover transmission costs where necessary.
In response, analysts have predicted that China could develop more than 500 MW of solar power within three years. Just 50 megawatts of solar power were installed in China 2008.