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People & Business :: Green Issues

China to Become Largest Market for Solar Devices

12:40 AM MDT | April 17, 2012 | Deepti Ramesh

The Ministry of Environmental Protection (MEP; Beijing) says that China, the world’s largest solar panel producer, is likely to become the largest market for solar devices in 2012. Europe is seeing a contraction in its solar devices market, MEP says. China's capacity to generate solar power is expected to double to about 5 gigawatts in 2012 and there is a potential to add more than 6 gigawatts. There is a photovoltaic (PV) project pipeline of 25 gigawatts in China, MEP says. As a result of the shrinking overseas market, China is pursuing higher domestic...

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