China’s PV installations 22% higher in first quarter 2018

Facebook
Twitter
LinkedIn
Reddit
Email
Utility-scale installed capacity declined 64% to only 1.95GW in the first quarter of 2018.

China installed a total of 9.65GW of solar PV capacity in the first quarter of 2018, a 22% increase over the prior year period, according to China’s National Energy Administration (NEA).

The official breakdown of installations included 7.68GW of distributed solar capacity, which increased by 217%, compared to the prior year period. 
In contrast, utility-scale installed capacity declined 64% to only 1.95GW in the first quarter of 2018, compared to the prior year period.
 
Asia Europe Clean Energy (Solar) Advisory Co, (AECEA), which issued a statement on the NEA released figures at a NEA press conference on April 24, had previously forecasted around 7.5GW of installations in China in the first quarter of 2018. 

AECEA also noted that further improvements had been made on grid curtailment issues, notably in the autonomous region of Xinjiang and province of Gansu, where the curtailment levels had been above 20% throughout 2017. 

The decline in utility-scale installations had already worked through to some of the publically listed companies, heavily dependent on the utility-scale sector, such as ‘Silicon Module Super League’ (SMSL) member, GCL System Integrated, which had warned of losses for the first quarter of 2018, due to a decrease in the demand.

In contrast major PV Inverter manufacturer Sungrow Power Supply had announced that it expected its first quarter 2018 financial results to include a net profit increase of between 50 to 70%, compared to the prior year period. This is due to its broad product portfolio that covers utility-scale and DG market.

AECEA said that despite the increase in Q1 2018 installations it still expects full-year total installations in China to reach in the range of 40GW to 45GW, down from NEA figures of 53.5GW in 2017.

.

14 September 2022
Join us in London for 2 days as we look at the UK’s new landscape for utility & rooftop solar. Understand the new opportunities within this GW-plus annual market!
15 September 2022
Bifacial PV modules will be the dominant solar PV technology globally within one or two years; in the utility-scale sector, their market share is already above 70%. This webinar will provide a clear view on the successful implementation of bifacial technology, maximizing system performance and minimising LCoE.

Read Next

August 11, 2022
Finlay Colville, Solar Media's head of market research, lays out the UK's path to achieving 40GW+ of solar PV by 2030 after rebounding from recent headwinds in its solar sector
August 10, 2022
Canadian Solar plans to build an integrated PV manufacturing plant in Western China, with a capacity of 200,000MT of high-purity polysilicon, 10GW of both cells and modules and multi-GW productions of raw and auxiliary materials.
August 10, 2022
OMERS Private Equity has acquired a minority stake in the Arizona-headquartered solar operations & maintenance (O&M) provider NovaSource Power Services.
August 9, 2022
The Public Service Commission of the District of Columbia (DCPSC) has approved a 15-year power purchase agreement (PPA) with renewables developer Invenergy for 73MW of solar power to meet a 5% renewables target for district’s default electricity supply.
August 8, 2022
India deployed 8,359MW of solar PV in the first half of the year, marking a significant increase of 71% compared to the same period last year
August 8, 2022
Energy technology company AES Corporation is still on track to reach its target of 4.5-5.5GW in long-term renewables and energy storage contracts in 2022, having already signed 1,618MW in the year to date, according the firm’s Q2 financial report.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event