China new solar up 25% this year?

 

From PV Tech

China could install up to 65GW of solar this year, driven largely by a surge in demand for distributed solar installations, while average solar deployment could reach 90GW per year in the years leading up to 2025.

Those deployment projections were provided by the China Photovoltaic Industry Association (CPIA) at a conference in China this week, during which the trade body said solar installations this year would be between 55 – 65GW.

China installed 48.2GW of solar last year, according to figures published by the country’s National Energy Association, meaning the CPIA is forecasting growth of between 14.1% and 34.8% for 2021.

But those figures are slightly below other industry estimates issued earlier this year, with some forecasters expecting China to install as much as 70GW in 2021 as it accelerates renewables deployment to help the country progress towards a target of reaching net zero status by 2060.

Those estimates were, however, issued prior to an unprecedented spike in polysilicon prices, triggering price volatility throughout solar’s value chain. Polysilicon prices have more than doubled since the start of the year, with module prices rising by as much as 25% in the process.

This has led to widespread claims of utility-scale projects in China being pushed back towards the end of 2021 and into early 2022, with developers waiting for prices to stabilise before bringing projects in the country forward.