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China boosts solar and cuts nuclear energy

The world’s biggest energy consumer is watering down its policy to boost nuclear energy, but strengthening targets on solar power, in the wake of the nuclear crisis at Japan’s Fukushima power plant.
China is planning to lower its target of building 80GW of nuclear power capacity by 2020, while at the same time raising its target of installing 20GW of solar energy by the same date, according to reports from news agency Bloomberg.
However, Ren Dongmin, head of renewable energy at China’s National Development and Reform Commission, who told reporters of the plans at a conference in Beijing today, failed to provide any details on the new targets for solar and nuclear energy capacity.
Engineers at Fukushima are still working desperately to cool and stabilise the reactors and limit radiation from the site that is said to have reached dangerous levels.
The news of China’s new energy supply targets came as the developer of Tibet’s largest solar power plant said it will switch on the new 30MW installation in May. The 800 million yuan project in western China is funded by Linuo Power Group.
Meanwhile, Reuters has reported that China is planning to increase the price tariff for renewable energy such as wind and solar power in an attempt to boost clean technology investment.
According to the reports, the China Electricity Regulatory Commission (CERC) is planning to increase the additional levy on renewables from 0.004 yuan (£0.0004) to 0.006 yuan per kilowatt-hour either this year or next.
Huang Shaozhong, of the CERC’s price monitoring department, said the current levy covers only about 70 per cent of the subsidies offered to renewable energy producers, at around 10 billion yuan annually.
Source: www.businessgreen.com/bg/news/2039056/china-boosts-solar-cuts-nuclear-following-fukushima-crisis

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Posted by on Mar 31 2011. Filed under _featured slider, Asia, WORLD. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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