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China's emission control efforts bring business opportunities

11-25-2010 15:15 BJT

BEIJING, Nov. 25 (Xinhua) - Li Zongwei, chief financial officer of a solar energy company, was passionate while talking about the company's plan.

"We are planning to expand our production capacity of over 700 megawatt (MW) per year by 2011, with 600 MW at our headquarters and 100 MW at another base in Hainan Province, to increase its nameplate capacity to 1.7 gigawatt (GW) PV modules for higher demand."

Li was talking in Beijing at the Global Green Think Tank Summit, an event held from Monday to Thursday to promote low-carbon economy with the theme of "the age of low-carbon economy: opportunities in a global emerging market".

"We have won the 10 MW bid for the solar power plant of Dunhuang Project in Gansu Province, and are further exploring the domestic market," he said, "We believe that the market expansion would be more exponential than it is now."

Founded in 1987 in Baoding, Hebei Province, Yingli Green Energy Holding Company Ltd. has taken 10 percent of the world's solar market, according to Li.

He is very optimistic about China's new energy market, which has the central government's support.

The government has accelerated the construction of solar, hydropower, nuclear, and wind power capacities. The solar power capacity soared to 300 MW in 2009.

According to the country's long and mid-term development plan, the figure is expected to reach 1.8 GW by 2020.

Furthermore, based on the proposal for China's twelfth "Five-year Program" which was released by the Communist Party of China in late October, China should make the reduction of energy consumption intensity and carbon dioxide emission "binding goals" in the 2011-15 period.

"In fact, the government's support for new energy is more instructive and directional," Li said, "We are more likely to get financing, and constructions projects are more likely to cooperate with us under the influence of our government."

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