China's new energy industry development plan to revitalize Exposure

China officials are being developed to revitalize the New Energy and Industrial Development Plan (Draft) pointed out that until 2020 the new energy power generation accounted for the proportion of the total electricity installed capacity will reach 15%, of which solar power, nuclear power, wind power generation capacity will be respectively reached 20 million Kw, 86 million Kw, 150 million Kw, including solar power generation capacity target is higher than previously proposed by the mainland authorities planning objectives far higher.

The draft also mentions that in 2011 solar power, nuclear power, wind power installed capacity will scale up to 2 million Kw, 12 million Kw, 35 million Kw. Mainland officials previously proposed "renewable energy sources and long-term development plan" in reference to 10 years after the solar energy industry installed capacity target of 1.8 million Kw, if the new plan targeting the installed capacity is equivalent to two years ago, the old plan about 11 times.

Nov. 12, 2009