By .(JavaScript must be enabled to view this email address) - 16 May 2014, 15:45
In News, Power Generation, Market Watch

China adopts ‘more aggressive’ 70GW PV target for 2017

The new figure is a step up on previous long-term targets. Source: United PV.

China has set itself a target to reach an installed solar generation capacity of 70GW by 2017.

The figure was part of a document released by the National Development and Reform Commission (NDRC) as part of a strategy to tackle air pollution.

“Regarding the PV-related targets, this spells out 35GW by 2015, including 20GW of distributed PV and 15GW of solar farms. The total target is the same as announced before,” Ray Lian, senior analyst at NPD Solarbuzz told PV Tech.

“The 70GW by 2017, including 35GW of distributed PV, this is a new announcement and is a bit more aggressive than the 100GW by 2020 announced before,” said Lian.

The government has capped this year’s feed-in tariff quota at 14GW, with around 8GW set aside for distributed projects. This is neither a target nor a limit on how much PV will be installed in the country this year.

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Photovoltaics International 24th Edition

Signs earlier in the year of the global industry entering a growth phase have now been confirmed beyond any doubt. Almost all the big-name suppliers have now announced some form of manufacturing capacity expansion, a trend that analysts agree will only gather pace as long as the levels of demand predicted over the next few years turn out to be correct.

Manufacturing The Solar Future: The 2014 Production Annual

Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

China adopts ‘more aggressive’ 70GW PV target for 2017

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