Reuters: China has raised its solar power installation target for 2015 by 30 percent from its previous goal, state media reported, potentially adding to overcapacity as insufficient grid capacity remains a hurdle for the new plants to deliver power.
Solar plants can in theory delivery returns of 10-15 percent under long-term power purchase contracts with state utilities but in practice face problems of subsidy collection and panel quality, making investors wary of the sector.
China will add another...