Solar industry hopes to be included in new stimulus plan
June 28, 2012 Category Alternative energy, Environment
“We hope that solar programs can be included if the nation is going to launch a new fiscal stimulus,” said Zhang Jianmin, Senior Manager of the CEO’s office of Suntech Power Holdings Co, the world’s biggest solar panel manufacturer. Solar energy was not included in the CNY4 trillion stimulus package adopted by the central government in 2008. Zhang said if there is no direct fiscal support, it will still be helpful if authorities would clarify policies for the industry. Although Chinese manufacturers account for 60% of the solar industry’s global output, the use of solar power within China is not widespread. “It will definitely boost the industry if the central government (prepares) policies that will integrate more solar-generated electricity into the grid, or if it encourages the construction of off-grid solar power stations,” he said. Tao Dong, a Hong Kong-based Economist with Crédit Suisse Group expects the stimulus to be as much as CNY2 trillion, but NDRC officials denied that there will be any large-scale stimulus.
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