China Profits From Solar Policy as Europe Backpedals
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China, the world’s biggest electricity consumer, is figuring out how to capture a larger share of the solar-energy market without losing money.
The government will spend at least a year studying Europe’s system of paying above-market prices for solar power before deciding if there’s a better way to spur clean-energy plants across China, said Wu Dacheng, an adviser to national power regulators. The delay has stalled projects planned on Chinese soil by developers such as First Solar Inc. of the U.S.