November 7, 2018 Read More →

China considering raising 2020 solar installation goal

Clean Technica:

China’s National Energy Administration has floated the idea that it might increase its 2020 solar target to at least 210 gigawatts (GW), and potentially as high as 270 GW, in a move which will significantly impact China’s annual capacity additions and, thus, global capacity additions and solar PV manufacturing.

The National Energy Administration (NEA) held an informal gathering last Friday in which it revealed the Chinese Government was considering revising its 13th Five-Year Plan in which it had targeted installing 105 GW worth of solar. Considering that China’s total operating solar PV capacity reached 165 GW at the end of September, the 13th Five-Year Plan’s solar target has been exceeded by at least 50%.

According to two sources with knowledge of the meeting, including Asian solar PV analysts at PV InfoLink and Frank Haugwitz, Director of the Asia Europe Clean Energy (Solar) Advisory (AECEA), the NEA suggested that it could raise its 2020 solar PV goal to at least 210 GW, or as much as 250 GW or 270 GW.

The final decision will have a tremendous impact not only on China’s solar PV capacity additions for 2019 and 2020, but the world’s solar industry. Specifically, as Frank Haugwitz explained via email, if China reaches 170 GW worth of installed capacity by the end of 2018 and the 13th Five-Year Plan’s solar target is increased to 250 GW or 270 GW, then that would result in potential annual capacity additions of between 40 GW to 50 GW. However, as other analysts have noted, if the NEA’s revision expands the target to only 210 GW, that would open the door for only 20 GW per year.

More: China may increase its 2020 solar target to 200 gigawatts or higher

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