AECEA believes the country is on target to exceed its 13th Five-Year-Plan (2016-2020) cumulative solar install target of 105GW by the end of 2017. Image: Panda Green Energy
According to independent industry advisory firm AECEA PV installations in the second quarter of 2017 in China could reach between 16-17GW, pushing first half year figures to a new record high of over 24GW, compared to around 21GW in the prior year period.
Unlike the second half of 2016, which experienced a significant demand curtailment in China after the end of June feed-in tariff (FiT) reductions, programs such as ‘Top Runner’ and ‘Poverty Alleviation’ schemes could limit much of last year’s demand slump impact, notably PV module ASP declines globally of over 25%.
In its most recent report, AECEA noted that “aggressive demand” for project tenders existed in China ahead of the June 30 FiT changes, estimated to be around 8GW, equating to around a 3GW increase over the first quarter of 2017. AECEA also noted that an unnamed major PV inverter manufacturer had stopped overseas shipments to meet domestic demand in the last quarter.
Coupled to an expected 5.5GW of Top Runner project deadlines at the end of September, 2017 and a government target of 8GW of Poverty Alleviation schemes through the year, China is increasingly looking like exceeding the record 34.54GW government figures for installations in 2016.
As a result of the demand in China, AECEA believes the country is on target to exceed its 13th Five-Year-Plan (2016-2020) cumulative solar install target of 105GW by the end of 2017.
China National Energy Administration (NEA) is expected to release official solar install figures for the first half of 2017, soon.
The present study analyses the levelized cost of electricity (LCOE) of PV utility-scale power plants in the first quarter of 2018. It compares different Jinko modules technologies and shows their future developments till 2020 based on technology and market scenarios. Speaker information: Roberto Murgioni holds a BSc in Electrical Engineering and a Masters of Renewable Energies Engineering. Roberto is responsible for the pre-sales and after-sales activities around Europe. Before Joining Jinko he held a variety of similar positions with Trina and ET solar. Prior to that he covered several roles in the engineering dept. starting in Milan and then Munich as a Project Electrical Engineer for various EPC companies, managing large PV power plant projects in EU and LATAM. If you have any questions you would like to direct to Jinko prior to the webinar, please send them through to Oliver Amos at Solar Media: firstname.lastname@example.org