"Solar PV installations have maintained a quite high pace this year, and we had seen an average of over 18 GW of monthly installations this year in China till October," said Zhu Yicong, vice-president of renewables and power research at global consultancy Rystad Energy.
China is on track to set a new record for solar power installations in 2024, driven by falling production costs and increased global interest in renewable energy, said industry experts and company executives.
SolarReserve plans to build ten solar plants in China, the first one being one-gigawatt in size and ten times the size of Nevada’s Crescent Dunes facility. They aim to complete another ten plants by the year 2020.
In fact, the Chinese central government had already actively tried to expand the solar electricity generating capacity in China back in 2009, through several subsidized projects, one of which was the infamous Golden Sun project (金太阳工程).
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