Having comfortably exceeded last year’s installation figure of 34.54 GW and left far behind its official 2020 solar PV target of 105 GW, as laid out in the country’s 13th Five-Year Plan, China keeps exceeding expectations, prompting industry bodies to up their forecasts for the nation’s 2017 solar performance.
The latest in line to do so was Bloomberg New Energy Finance (BNEF), which earlier this week raised its installment estimates for 2017, from over 45 GW to 51- 54 GW, as it reported a total of 43 GW of solar power additions in the first nine months of 2017.
“The main factors driving the estimates boost were rooftop solar PV uptake, which so far this year already reached around 15 GW, as well as the number of projects built before they have secured quota, the qualification to receive national subsidy, which at this point amount to at least 7 GW. These were the two biggest surprises,” Yvonne Liu, a Bloomberg New Energy Finance (BNEF) analyst in Beijing, told pv magazine.
Meanwhile, the Asia Europe Clean Energy Consultants (AECEA) upped its expectations of 40-45 GW to be installed in China before the year’s end voiced in August, to more than 50 GW in 2017, as it reported that the nation had added roughly 42 GW of solar PV up to the end of September.