Monday, July 15, 2013

China Says It's Going on the Biggest Solar Blitz in History


A few days ago, China quietly announced that it's unleashing the largest solar power blitz the world has ever seen.

Previously, the economic giant had planned to install enough solar panels on its soil to generate 21 gigawatts of electricity by 2015. Which is a lot—enough to power some 20 million homes. But the recession put its solar companies in debt. Then they were slapped with international trade restrictions, and then they were left sitting on a massive glut of photovoltaic panels. So China decided to double down. 

In a public statement issued on July 4th but only published today, China's State Council announced that it is raising its solar production target to 35 GW. Which is pretty much mind-melting. In the US, one gigawatt is enough to provide power to 750,000-1,000,000 American resource-hog homes. A gigawatt in China will therefore go even further.

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