PV Market research firm, PV InfoLink has forecasted demand in China could reach 50GW in 2020, despite its forecast of demand in 2019, being lower than expected at 33.6GW.
PV InfoLink expects China’s PV installation boom to start ramping in the fourth quarter of 2019 as new range grid parity support mechanisms come into effective operation. A combination, dominated by ‘Bidding Projects’ and ‘Grid Parity’ projects in the fourth quarter is expected to result in installations topping 15.5GW, up from a forecasted 9.6GW in the third quarter of 2019.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
In the first half of 2020, PV InfoLink expects almost 26GW of installations in China with a broader mix of segments, including ‘Top Runner’ and ‘Demonstration Projects’ in the second half of 2020, which is expected to result in total installs reaching around 24.1GW.
Global PV installations in 2019 are expected to hit 116.6GW, up 18.5% from the previous year, according to the market research firm.
