By .(JavaScript must be enabled to view this email address) - 16 May 2014, 15:12
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 26th Edition

Looking back, 2014 was a year of convalescence for a PV industry still battered and bruised from a period of ferocious competition. End-market demand continued apace, with analysts towards the end of 2014 predicting the year would see between around 45 and 50GW of deployment. That has begun to feed through to the supplier end of the market, with all the main manufacturers announcing capacity expansions in 2015 and further ahead.

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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