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Chinese Solar to Jump Fourfold by 2020, Official Tells Xinhua

Solar power capacity in China, already the world’s largest market, will jump more than fourfold by 2020, according to a senior official cited on Oct. 13 by the government’s official news agency.

Solar capacity in China will reach 150 GW in five years, up from 35.8 GW at the end of June, Dong Xiufen, director of new energy for the National Energy Administration, told the Xinhua news agency. The government’s goal is to boost photovoltaic-power capacity by 20 GW annually from 2016 to 2020, according to Xinhua’s report.

China will also continue to push mergers and acquisitions among domestic solar companies as well as technological advances, Huai Jinpeng, deputy head of the Ministry of Industry and Information Technology, said in the Xinhua report.