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[Market watch]Subsidies offer hope to China’s solar industry
2013-02-01 13:52:03 8849 0
[Subsidies offer hope to China’s solar industry]

Rooftop power stations are in line for government

BEIJING ( Caixin Online ) — China’s struggling solar energy equipment makers may see light at the end of the tunnel now that the government has agreed to subsidize small solar power stations and a major power distributor is offering access to the grid.

Moreover, several sources told Caixin, the government led by the National Energy Administration (NEA), an arm of the powerful National Development and Reform Commission (NDRC), plans to roll out additional solar industry stimulus policies at an accelerated rate.

The program’s ultimate goal, sources say, is to raise domestic demand for solar panels and help manufacturers that have found it increasingly difficult to sell products abroad. About 90% of China’s solar manufacturing output is exported......


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