China could raise solar PV targets to at least 210GW

Total installation has already reached 165GW, surpassing the 105GW target in 2016.

China could raise its goal for photovoltaic (PV) installation to at least 210GW as its previous target of 105GW in 2016 has already been reached, analysts from PV Info Link said.

According to a note, China's 13th Five-Year Plan released in December 2016 outlined that PV installation in China needs to reach 105GW. However, as at the end of September 2018, the total installation has already reached 165GW.

It cited discussions from the National Energy Administration (NEA) that said targets need to be raised to at least 210GW to support the Chinese PV industry. Some even suggested that goals be raised to 250GW or 270GW.

"Even if the installation goal may increase to 210GW, it is still far from enough with the current installed capacity which already surpassed 165GW. The remaining installation will be only about 20-25 GW per year during 2019 - 2020, still not much incentive and support for the Chinese local market demand," PV Info Link analysts said.

Consequently, the Energy Research Institute of the National Development and Reform Commission (NDRC), China Electric Power Planning and Engineering Institute (EPPEI), and other institutions will conduct detailed investigations on the adjustment of the 13th Five-Year Plan.

PV Info Link concluded that if the installation goal has been lifted to 250GW or more, China will return to install 40GW or more per year during 2019 - 2020. "This makes China's local PV market worth looking forward to," it said.

Also Read

What is the future of gas in Australia's energy market?

Vietnam’s weak grid a barrier to direct power purchase policy

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit