China to boost local demand to aid ailing solar sector
Published on Sep 26, 2012 11:29 AM
(REUTERS) - China is taking steps to boost its domestic demand for solar power to make the sector less reliant on exports, the official China Securities Journal reported on Wednesday.
The National Energy Administration has asked all provinces to report by Oct 15 their plans on implementing a pilot scheme to supply electricity via small solar panel power generators by 2015, the newspaper reported quoting sources.
Beijing, Shanghai, Tianjin, eastern and coastal regions will be the first few regions to implement the solar panel power generation pilot scheme, the paper said.
China's export-focused solar panel industry has been slammed by excess manufacturing capacity that created a glut and forced companies to slash prices.
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