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China plans to cut costs to expand solar by 2015

Five-year plan aims for PV industry to reach goals in ramping up production

China aims to expand the domestic market to advance solar power in five years
China aims to expand the domestic market to advance solar power in a five year plan, according to reports

China aims to cut costs in domestic solar power and expand the domestic market to advance the PV industry in a five year plan, according to reports. China Daily reported the news in China’s Ministry of Industry and Information Technology’s 12th Five-Year-Plan, which runs from 2011 to 2015.

According to the industry plan, announced by the ministry, the country must reduce the cost of solar power to 0.8 yuan (12 US cents) per kWh by 2015 and 0.6 yuan per kWh by 2020, while increasing the production of solar panels.

Reports say that in the plan “the government requires China's leading polysilicon manufacturers to reach annual production capacity of 50,000 tons by 2015.” Solar panel makers will have to reach “5GW of annual production capacity by the same year.”

According to the plan, China will put more effort into the production technology for Building Integrated PV in the coming years.

In terms of solar technology, reports say China aims to increase the conversion efficiency of monocrystalline silicon solar cells to 21 per cent, polysilicon cells to 19 per cent and amorphous silicon cells to 12 per cent by 2015. 80 per cent of solar equipment and auxiliary materials will be produced domestically, also according to the plan.

During the 11th Five-Year-Plan, which ran from 2005 to 2010, China's solar panel production grew at more than 100 per cent annually. The country's total output reached 10GW in 2010, accounting for half of global production.