July 28, 2021

China remains the world leader in photovoltaics

China maintains its position as a world leader in new installed photovoltaic capacity, according to the China Photovoltaic Industry Association.

Until 2019, the new capacities and the installed capacities of the photovoltaic industry in China come to the first place in the world, for 7 years for the first and 5 consecutive years for the other, explained Wang Bohua, vice president. and secretary general of the China Photovoltaic Industry Association.

The latter made the announcement at the 5th China Photovoltaic Industry Forum (CPIF). He said that the country’s polysilicon production and module production capacity also ranks first in the world for 9 and 13 consecutive years.

Wang Bohua thus affirmed that China would maintain the same level of performance in 2020. Moreover, during the first three quarters of 2020, despite the shocks of Covid-19 and the fall in world trade, the photovoltaic industry of China has always maintained stable growth.

China produced around 290,000 tonnes of polysilicon, up 18.9% year-on-year. The production capacity of the modules exceeded 80 GW, up 6.7% year on year, according to administration data.

In addition, China now has 18.7 GW of new photovoltaic capacity, up 17% year on year. And its photovoltaic production capacity reached 200.5 billion kilowatt-hours, up 16.9% year-on-year.

Li Qionghui, director of the new energy research department at the State Grid Energy Research Institute, explained that “The Chinese photovoltaic industry has already formed a complete industrial chain, which is in a world leading position in terms of technology, size and cost.” Moreover, the efficiency of electricity production has repeatedly broken records and the investment cost has fallen by more than 90% compared to 2005.

“Chinese companies have made significant breakthroughs in photovoltaic technology and cost over the past 10 years. The price of the silicon wafer has risen to 3 yuan ($ 0.46) from about 100 yuan ten years ago, and the price of the module has also risen to 1.7 yuan per watt today from 30 yuan there. ten years ago “, added Li Zhenguo, founder and chairman of LONGi Group, the world’s leading solar technology company.

The cost of photovoltaic production is even less than 0.1 yuan per kilowatt “in particularly sunny places,” the latter added.

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According to statistics from the International Renewable Energy Agency (IRENA), between 2010 and 2019, prices for solar PV and concentrated solar power fell by 82% and 47% respectively. While onshore and offshore wind energy costs have fallen by 39% and 29%. The international agency predicts a continued decline in prices over the next decade.

In the first 9 months of 2020, the export of photovoltaic modules has already exceeded by 52.3 GW that of the same period last year, said Wang Bohua.

For Zhang Senri, General Secretary of the China Chamber of Commerce for Imports and Exports of Machinery and Electronic Products, “The supply side of the photovoltaic industry has not been greatly affected, as China, which is the largest photovoltaic production base in the world, has managed to contain the epidemic in its country and has fully recovered industrial production in the second quarter ”.

So, “The foreign market is doing well in the second half of the year. Annual global installed capacities will reach the same level as last year thanks to very strong demand in the 3rd and 4th quarters. The new installed capacities will be able to reach 110GW-120GW. Chinese exports of photovoltaic products will register an increase of more than 20% ”