Wednesday, Bloomberg reported that Chinese solar stocks had soared based on market expectations that demand in China for alternative energy will increase given the Chinese government’s increasing solar capacity targets. Earlier this week, China’s National Energy Administration announced its intention to add 10 gigawatts of solar power capacity in 2013, more than twice its current level. According to Barron’s and others, China has already begun implementing its ambitious plan to increase installations. It previously approved the Golden Sun initiative for the first half of this year and committed prodigious amounts of government cash to the sector.