AECEA expects more than 40 GW of new PV capacity to be built in 2020 in China
Post date: 05/01/2021 - 12:05
Preliminary data suggest that China may have installed up to more than 40 GW of new solar PV power generation capacities in 2020, due to an exceptionally strong demand for residential PV amounting to 10.1 GW for the full year (2019: 5.27 GW), according to the Asia Europe Clean Energy (Solar) Advisory Co. Ltd. (AECEA). As in the past, this trend could have been driven by the year-end rush with December possibly having witnessed the installations of up to 14 to15 GW alone.
Therefore, full-year demand in 2020 may have increased between 27 to 36 percent according to AECEA data. Official data are expected to be released by the National Energy Administration (NEA) around mid-January and if confirmed, by the end of 2020 China will have been home to approximately 245 GW. The official 13th Five-Year-Plan (2016-2020) targeted 105 GW.
The consultancy says, NEA indicated that 2020 shall be the last year the central government will offer subsidies, in order to support the deployment of solar PV. Concerning residential PV, in November 3.49 GW were added, representing a good one third of the full-year. Overall, residential PV installations accounts for about 25 percent of the entire full-year demand. However, the 10.1 GW installed are not evenly distributed among China’s provinces. Shandong took the lead with 4.57 GW followed by Hebei greater area with 4.1 GW, says AECEA.
In mid-December President Xi Jinping announced that China shall have a total of 1,200 GW of wind and PV installations by 2030. Taking into account 485 GW of wind and PV installations by December 2020, this would require 72 GW of wind/PV installations annually through 2030. If the 2020 installations (40 GW/PV) and (45 GW/wind) will be officially confirmed, the projected average of 72 GW would just make up 82 percent of current installation volumes.