CHINA, which plans to install 10,000 megawatts of additional solar capacity this year and is on track to reach its current goal of 21,000 megawatts of solar generating capacity by 2015, may double the 2015 target to 40,000 megawatts, according China’s official Xinhua news agency. Analysts say that the increase is not enough to soak up the global glut of manufacturing capacity for solar panels.
The country plans to increase its wind capacity by 30% in 2013. Total electric generating capacity from all sources increased by 58% from 2007 to 2012 and is currently 1,140 gigawatts. This compares to total generating capacity in the United States at the end of 2011 of 1,018 gigawatts.