Featured in Upside of China's downturn – 12-2019

Is China’s market heading toward a cliff edge?

Even when taken in the context of the growing pessimism that has gripped China’s PV industry regarding 2019 demand since the middle of the year, the latest figures from the China Photovoltaic Industry Association (CPIA) are astonishing. More optimistic forecasts from earlier in the year have been downwardly revised, with installations headed for a “cliff edge” decline that could see demand fall by as much as 50% year on year. So, what exactly has taken place?

By

Vincent Shaw

09 Dec 2019

Image: Growatt

Evidence of China’s declining PV market has been mounting in 2019. The first shock was delivered at a conference on Oct. 24 in Beijing, when CPIA revealed a PV installation figure of only 15.99 GW for the first nine months of the year. The installation rate represented a decline of almost 54%, compared to 34.54 …

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