Photovoltaic Industry Has Become the Second Largest Energy in China
Photovoltaic Industry Has Become the Second Largest Energy in China
In the first half year, great progress has been achieved in photovoltaic industry with the following detailed examples.
First, new photovoltaic installed capacity in the first half year equals that of last year, taking up 56% of the new total installed power supply. Solar energy, by far, ranks the second in terms of China’s installed capacity following coal power.
Second, the photovoltaic industry has an evident effect on promoting investment in fixed assets. In the first half year, finished investment for photovoltaic power generation has exceeded 1.3 trillion yuan, roughly accounting for 50% of all finished investment for renewable energy, which plays a crucial role in restoring the economic growth amid post-pandemic era.
Third, photovoltaic power generation keeps growing. It’s reported that the total volume of photovoltaic power generation is 2.663 trillion kilowatt-hours, 30% up year on year with an average utilization rate of 98%.
Additionally, photovoltaic technology keeps advancing with the efficiency of part of mass-produced cells up to 25%. The commercialization of new types of cells like heterojuction and perovskite ones has obviously accelerated.
Moreover, capacity of all sectors of the industry has been brought to full play, and industry price has returned to normal.
Renewable energy, emerging as the main body of new installed domestic power generation, has its position cemented, playing a more salient role in ensuring power supply and facilitating transition towards a more cleaner and low-carbon energy.
While achieving a series of accomplishments, photovoltaic industry still has a long way to go for goals of carbon peak and carbon neutrality and high-quality development. The environment for photovoltaic industry at home and abroad keeps changing rapidly where opportunities and challenges coexist.
Internationally, energy transition is accelerating. Countries and regions like USA and EU has launched many favorable policies to support the domestic development of new energy industry and seek comprehensive localization of manufacturing end of industry chain.
Domestically, despite a promising prospect of the industry, the scale of the upper chain has been expanded in a disorderly manner. There have already been a few signs of the photovoltaic industry overheating; mandatory binding of industries before the allocation of new energy projects in regions, however, has exacerbated the chaos.
