Technology News

China To Emerge As Solar Energy Producer

Monday, January 07, 2008 5:09:00 AM PDT | VentureDeal Staff

DUBLIN, IRELAND -- In the coming years, China is expected to emerge as a significant solar energy producer, according to a research report by Research and Markets.

China is the biggest solar water heater and manufacturer in the world, with output and consumption accounting for over half the world's production.  Since 2005, China has begun large-scale construction of desert power plants and rooftop photovoltaic systems combined to the grid.

The market share of photovoltaic energy is expected to grow from 4 percent in 2003 to 20 percent in 2010 and 60% in 2020.  Though the cost of solar-generated energy is still higher than coal, it is an advantage in rural areas because it does not require installing long distance power lines.

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