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Quoting from Asian Power, Saba reports: China's new installed PV capacity to hit 43.48GW by end – year
It will still be the world's largest market for solar PV installations yearly. The global sola r photovoltaic (PV) market is set to increase its installed capacity from around 225 Gigawatts (GW) in 2015 to 294.69 GW in 2016, and will see China remain the world’s largest market for

annual solar PV installations, according to research and consulting firm GlobalData. The
company’s latest report states that China installed 15.13 GW of new installed PV capacity in
2015, with cumulative capacity reaching 43.48 GW by the end of 2016. The country’s PV
installed capacity has increased around 13-fold since 2011. Ankit Mathur, GlobalData’s
Practice Head covering Power, explains: “In the first quarter of 2016, China added a total of
7.14 GW of PV capacity, of which 6.17 GW accounted for solar PV power plants, and 970
Megawatts (MW) for distributed PV. The installation can be attributed to the country’s efforts
to boost green energy and adjust the energy mix dominated by coal. “In the first half of 2016,
a rush of solar PV installations was witnessed, as PV power projects which were connected
to the electricity grid prior to June 30, 2016 will be entitled to reap benefits from higher 2015
solar feed-in tariffs (FiTs). Indeed, China witnessed increased solar growth due to rising
demand across the region ahead of the subsidy policy adjustment.” China’s 13th Five Year
Plan (FYP) sets the 2020 solar PV target at 150-200 GW, and aims to shift focus from scale
expansion towards quality and efficiency. The FYP also intends to attain a non-fossil fuel
renewable energy consumption of around 15% by 2020 and 20% by 2030. Although domestic
demand for solar installations in China fell in Q3 2016 as a result of FiT reductions, the state
council has issued The Energy Development Strategy Action Plan (2014-2020), which aims
to strengthen the overall strategy of China’s energy development, control the growth of energy
consumption per unit GDP, promote more efficient green energy production and consumption,
and effectively improve the competitiveness of the energy industry through a set of measures
and targets

Dec 4, 2016 09:04
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