China has given a lift to the renewable energy industry by formally setting out plans to more than quadruple its solar power-generating capacity to 35 gigawatts by 2015. China’s State Council, or cabinet, said it hoped 10GW of capacity would be added annually over the next three years, in a step that should help soak up the country’s sizeable share of a global glut in supply that has savaged many of the industry's biggest names and seen solar panel prices plummet in the past two years.
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