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IHS Markit, an international market research institution, has raised the installed capacity of solar photovoltaics in China in 2018 to 40 GW
.
IHS Markit said that in the first nine months of this year, China added 34.
5 GW of PV capacity, which is 1.
5 GW
higher than analysts predicted.
At present, China's cumulative solar installed capacity has reached 165 GW
.
China's National Energy Administration (NEA) is discussing raising its 2020 solar expansion target to 210-270 GW from the current 105 GW
.
IHS Markit expects China's cumulative PV capacity to reach 255 GW
by 2020.
This assumption is based on an average annual capacity of 40 GW added over the next two years
.
IHS said that at the end of May, the Chinese government decided to curb the expansion
of photovoltaic power generation by reducing solar incentives.
This led to a reduction in project development in the second half of the year, with China installing a record 53 GW
during 2017.
However, despite policy setbacks this year, lower module prices continue to push demand more than analysts expected
.
IHS Markit believes that China may even double its 2020 target due to its determination to become a global leader in renewable energy development
.
IHS believes that this determination also applies to the production of solar cells and modules, and the challenge will be to design a policy that will reduce the cost of PV projects, especially in areas where demand is high in
China.
The Chinese government aims to avoid the current increase in public subsidies of about $17 billion, and IHS Markit is expected to further support self-consumption of distributed PV systems, tenders or low feed-in tariffs, among others
.
IHS Markit, an international market research institution, has raised the installed capacity of solar photovoltaics in China in 2018 to 40 GW
.
IHS Markit said that in the first nine months of this year, China added 34.
5 GW of PV capacity, which is 1.
5 GW
higher than analysts predicted.
At present, China's cumulative solar installed capacity has reached 165 GW
.
China's National Energy Administration (NEA) is discussing raising its 2020 solar expansion target to 210-270 GW from the current 105 GW
.
IHS Markit expects China's cumulative PV capacity to reach 255 GW
by 2020.
This assumption is based on an average annual capacity of 40 GW added over the next two years
.
IHS said that at the end of May, the Chinese government decided to curb the expansion
of photovoltaic power generation by reducing solar incentives.
This led to a reduction in project development in the second half of the year, with China installing a record 53 GW
during 2017.
However, despite policy setbacks this year, lower module prices continue to push demand more than analysts expected
.
IHS Markit believes that China may even double its 2020 target due to its determination to become a global leader in renewable energy development
.
IHS believes that this determination also applies to the production of solar cells and modules, and the challenge will be to design a policy that will reduce the cost of PV projects, especially in areas where demand is high in
China.
The Chinese government aims to avoid the current increase in public subsidies of about $17 billion, and IHS Markit is expected to further support self-consumption of distributed PV systems, tenders or low feed-in tariffs, among others
.
