According to China’s National Energy Administration (NEA), solar PV installations reached 52.83GW in 2017, up from 34.54GW in 2016, and accounting for around 50% of expected global solar demand last year.
According to independent solar industry advisory firm AECEA, China has already exceeded its 13th Five-Year-Plan (2016-2020) target of 105GW by installing around 10.52GW of solar in July, after record first half 2017 installations of 24.4GW.
China’s National Energy Administration (NEA) has released new guidance on solar installation targets as part of the current 13th Five-Year-Plan (2016-2020), after recent record first-half year install figures put doubt on whether the solar boom would continue as the original targets would be met two years ahead of expectations.
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.
Trina Solar investors are widely expected to vote in favour of privatisation on Friday. The move would see the company unshackled from the reporting requirements of NYSE and potentially better placed to raise equity funds. But could the loss of transparency do more harm than good?