China to invest US$39.5B in PV during 2011-15

China will invest around US$39.5 billion in domestic solar power generation between 2011 and 2015.

This is based on a development plan released by the National Energy Administration as cited by the China Daily.

As part of China’s recently revised 12th Five-Year Plan (2011-15), China will install 10GW of large-scale PV capacity over the five-year period. It will also add 10GW of distributed PV power generation as well as 1GW of solar light and heat power generation systems, helping to create up to 500,000 jobs in the industry.

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