In 2007, China released a national plan on renewable energy development aiming to increase renewable resources to supply 15% of the country’s energy consumption by 2020. In addition, A renewable energy law was amended to require electric grid companies to buy all the power produced by renewable energy generators. Any electric power company that refuses to buy renewable power is subject to a fine up to double that of the economic loss of the renewable energy company.
China also plans on developing a “solar street.” Buildings, streets and other features will run entirely on energy from the sun. Shangde Solar Energy Power Company expects to boost China’s total production capacity of the technology from 200 to 320 megawatts by the end of the year.
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