Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Industries

    Solar sees brighter full-year prospects

    By LIU YUKUN | China Daily | Updated: 2024-08-01 09:53
    Share
    Share - WeChat
    Workers install photovoltaic panels at a power farm in Jiuquan, Gansu province, in May. [CAO HONGZU/FOR CHINA DAILY]

    China's photovoltaic industry may see robust growth in installed capacity this year with new installations ranging between 190 and 220 gigawatts, driven by the increasing electrification of energy use and the shift toward low-carbon power consumption, said the China Photovoltaic Industry Association.

    Wang Bohua, honorary chairman of the CPIA, said: "In recent years, total electricity consumption in China has steadily risen, propelled by industries such as new energy vehicles, big data centers and 5G base stations. Last year, electricity accounted for 28.1 percent of China's energy consumption. The level may rise to around 35 percent by 2030. Concurrently, the share of green electricity continues to rise, with new energy expected to become the primary source of power generation by 2060."

    Wang added: "Recent government initiatives have also relaxed restrictions on grid integration of power generated from new energy sources from 95 percent to 90 percent, potentially unlocking significant installation capacity. The second and third phases of large-scale PV projects in desert regions, including the Gobi Desert in Northwest China, have set clear targets, and are poised for substantial progress by 2024, further driving PV installation growth. Moreover, rapid advancements in grid construction have been evident, with investments in grid projects reaching 170.3 billion yuan ($23.6 billion) from January to May, marking a 21.6 percent year-on-year increase, significantly outpacing the growth rate of power generation projects at 6.5 percent."

    He said: "Meanwhile, accelerated development of transmission channels for new energy mega-bases will mitigate integration challenges, crucially supporting installation capacity. The government has also introduced multiple measures to foster distributed new energy development, aiming for a grid-connected capacity of around 500 million kW by 2025."

    By the end of June, China's total installed capacity for power generation reached 3.07 billion kW, a 14.1 percent year-on-year increase, said the National Energy Administration. Coal-fired power accounted for 1.17 billion kW, representing 38.1 percent of total installed capacity. Grid-connected wind power capacity stood at 470 million kW, and grid-connected solar power capacity at 710 million kW, totaling 1.18 billion kW, surpassing coal-fired power for the first time in terms of installed capacity.

    Wang highlighted that in the first half, domestic PV additions totaled 102.48 GW, up 30.7 percent year-on-year, indicating sustained growth, albeit at a slower pace. Manufacturing scale to support solar installations also expanded, with polysilicon, silicon wafers and module production all increasing over 32 percent year-on-year in the first half.

    However, challenges remain, he said, including cost pressures, as polysilicon and other component prices fell below profitability thresholds, contributing to ongoing declines in module bidding prices. Many key enterprises in the industry chain reported net losses in their interim reports. Production capacity growth has slowed, and project cancellations or delays have become more frequent. Additionally, heightened trade protectionism among major economies has impeded export opportunities for Chinese PV firms.

    In response, Wang proposed swift industry adjustments, advocating for the phasing-out of obsolete production capacity, promoting corporate mergers and restructuring, facilitating international cooperation, improving standard systems, empowering testing and certification institutions, and driving technological innovation.

    "We are confident in China's PV industry's resilience and adaptability to overcome such challenges during cyclical industrial adjustments," he said.

    "The consensus reached at the 2023 COP28 United Nations Climate Change Conference in Dubai called for tripling global renewable energy capacity by 2030. Driven by the goal, we remain optimistic about the industry's overall development, projecting global additions of PV installations of 390-430 GW in 2024, sustaining high levels. Installations will focus primarily on markets like China, the United States, Europe and India, with rapid expansion anticipated in emerging markets such as Latin America and the Middle East," Wang said.

    "We believe there is substantial potential for further PV penetration. European economies have achieved PV penetration rates exceeding 10 percent in recent years. China's PV penetration rate was 6.18 percent in 2023, above the global average of 5.49 percent. Technologically, both China and global grids possess the capacity to accommodate more solar power," he said.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    中文毛片无遮挡高潮免费| 中文字幕日韩第十页在线观看| 久久e热在这里只有国产中文精品99| 人妻丰满熟妇AV无码区乱| 亚洲欧美日韩在线中文字幕| 久久午夜伦鲁片免费无码| 亚洲精品一级无码中文字幕| 亚洲精品无码专区在线播放| 亚洲AV无码国产丝袜在线观看| 日韩电影免费在线观看中文字幕| 国产亚洲3p无码一区二区| 2014AV天堂无码一区| 久久久中文字幕| 无码日韩人妻AV一区免费l| 精品无码国产一区二区三区AV| 久久亚洲AV成人无码| 中文字幕免费观看| 中文无码制服丝袜人妻av| 国产无码一区二区在线| 亚洲AV无码一区东京热久久| 中文字幕av日韩精品一区二区| 色综合久久无码中文字幕| 亚洲AV无码之日韩精品| av无码国产在线看免费网站| 午夜不卡久久精品无码免费| 日韩人妻无码精品系列| 国产一区三区二区中文在线| 精品久久久久久无码中文字幕一区| 无码色AV一二区在线播放| 亚洲AV无码一区二区一二区| 免费 无码 国产在线观看观| 国产办公室秘书无码精品99| 日韩人妻无码精品一专区| 亚洲VA中文字幕不卡无码| 亚洲国产精品无码AAA片| 一本色道无码不卡在线观看| 一本一道av中文字幕无码| 亚洲日韩v无码中文字幕| 成在人线av无码免费高潮喷水| 日韩人妻无码精品专区| 亚洲精品无码专区久久久|