China’s stagnation is the world’s opportunity
On Oct. 29, China’s National Energy Administration (NEA) released cumulative connection data for the first nine months of 2019, when China installed just under 16 GW. This breaks down as 52% distributed generation projects and 48% ground-mount installations. The figure represents a decrease of 54% for the first three quarters compared to 2018. Numbers for the third quarter of 2019 were lower than anticipated in China, confirming what the IHS Markit PV Market Trend Survey for China announced in September. It indicated that a large part of third-quarter PV demand had been postponed to the fourth quarter. Participants still expect a large increase in demand in the fourth quarter, but are increasingly pessimistic about the size of the Chinese market this year.
China: NEA adjusts PV goal to at least 105GW by 2020
China’s NEA has officially dropped the target to at least 105 GW by 2020, as well as setting goals for the PV industry and indicating that it will emphasize projects in Eastern China and the region around Beijing.
