By the end of 2018, China was home to around one third of global cumulative PV capacity, with around 175 GW of operational PV systems. In the context of China’s power sector, writes Frank Haugwitz of Asia Europe Clean Energy Advisory, the cumulative installed capacity makes up 9% of the total existing power generation capacity and contributed approximately 2.7% to total electricity generation.
While tariffs may inhibit India’s ability to benefit from anticipated record low Chinese panel prices, Japan already has a strong pipeline and two of the world’s solar pioneers – Spain and Italy – could be given a shot in the arm by new administrations.
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