11.4 C
Berlin

China may export over 100 GW of modules in 2021

The introduction of emission reduction policies at home and abroad has brought robust demand for solar PV products. China’s solar module exports in 2021 may exceed 100 GW for the first time, with a year-on-year growth of more than 25%, according to Zhang Sen, secretary-general of the Solar Photovoltaic Products Branch of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products.


Growing demand

According to the China Photovoltaic Industry Association (CPIA), the national output of polysilicon, silicon wafers, cells, and modules in the first half of 2021 reached 238,000 tons, 105 GW, 92.4GW, and 80.2GW respectively, up 16.1%, 40%, 56.6% and 50.5% year-on-year.

“From January to June, among the 151 power projects overseas filed by the Chamber of Commerce, 26 were from the solar PV industry, accounting for 17.2%. The projects involve US$2.32 billion, spanning across 18 countries and regions,” said Zhang.

Statistics suggest that there are 18 gigawatt-level markets worldwide in 2020: China, the United States, Vietnam, Japan, Germany, Australia, South Korea, India, Spain, Brazil, the Netherlands, Poland, Mexico, Chinese Taiwan, Ukraine, South Africa, Belgium and France . According to Solar Power Europe, however, this number will reach 20 in 2021, with China, the United States and India remaining the top three.

Zhang predicts that in 2021, the demand for solar installations will reach 160GW, up 23% year-on-year.

Emerging markets

While Europe, Japan, Australia and other traditional markets have maintained strong demand, developing countries such as India, Brazil, and Chile have begun to make efforts. Emerging markets such as Pakistan and Greece have sprung up.

Data shows that from January to June 2021, China’s exports of modules to Europe, Brazil, and India were 19.4GW, 4.2GW, and 4GW respectively, up 31.1%, 133.3%, and 81.8% year-on-year.

Zhang commented that the signing of the RCEP agreement benefits exports of solar products. Chinese photovoltaic manufacturers will form closer ties with neighboring countries to push forward the construction of overseas bases and projects.

For example, Talesun Solar and Risen both expanded production and completed EPC projects in Thailand and Vietnam respectively. Chint and JinkoSolar have also deployed extensively and formed partnerships in Australia in terms of module and power plants. Major inverter manufacturers such as Growatt, Solis, GoodWe, Sungrow, and Solplanet have also secured orders in the distributed market in Australia.

New opportunities

Over 130 countries and regions have proposed net zero or carbon neutral goals. As countries introduced carbon emission reduction plans, the renewable energy sector such as solar PV are ushering in new development opportunities.

The United States returned to the Paris Agreement, and the European Union announced a package of proposals for climate measures. China’s national carbon emissions trading system was officially launched. In response to the dual carbon goals, provinces and cities in China have issued documents to promote the development of renewable energy such as solar PV and included them in the 14th Five-Year Plan.

The investment and financing environment of the solar PV industry has been further optimized. In the first half of this year, the number of M&A cases rose, deepening the cooperation between upstream and downstream enterprises.

According to a report by Mercom Capital Group, in the first half of 2021, solar investment reached US$13.5 billion, up 193% year-on-year. The volume of solar project acquisitions reached 39.3GW, an increase of 167.3%. The number of M&A cases reached 54, doubling last year’s amount.

“Solar PV is a technology- and capital-intensive industry, and smooth financing channels are essential to the development and growth of the industry,” said Zhang.

He added that China has made plans to promote the healthy development of the photovoltaic industry through flexible lending and green certificate issuance. The investment and financing environment has been further optimized, greatly vitalizing the industry.

With the gradual recovery of production capacity, the solar installed capacity is expected to reach a new high. The price of polysilicon may fall in the latter half of the year despite current price fluctuations. By then, the industry may gradually recover and the capacity utilization rate will gradually rise, driving the global installed capacity to reach a new peak,” Zhang Sen said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

You Might Also Like

AikoSolar to complete 43.5GW cell module within the year

AikoSolar recently has released its annual report 2022, showing outstanding financial results, including significantly improved profitability and record high operating income and net profit,...

TCL Zhonghuan may rise and shine this year for grasping high-purity quartz

TCL Zhonghuan Semiconductor (Zhonghuan)'s net profit increased by 69% last year, but due to the high price of silicon materials, its advantages were not...

Why solar installation exceeds expectation in off-season?

In 2022, due to the impact of the pandemic and the high price of silicon materials, the domestic demand for solar installation was suppressed....

Is solar module recycling really as attractive as it looks?

Since the first batch of modern module manufacturers were put into production around 2002, China has ranked first in the world in terms of...

TSUN Showcases Advanced Solar Products and Solutions at KEY ENERGY 2023

From March 22-24, the 16th Rimini Renewable Energy Expo, also known as KEY ENERGY, took place at the Rimini Expo Centre in Italy. KEY...

China’s Yunnan takes special regulation on new energy production safety, may lead to slight impact on solar industry chain

China’s South Yunnan Provincial Emergency Management Department recently has issued the "Special Work Plan for the Safety Production Rectification of Enterprises in the Industrial...

Popular Posts

Module shipment ranking 2022: Top 10 manufacturers shipped 240 GW globally

In 2022, the top 10 Chinese manufacturers have shipped over 240 GW modules globally, up 60% and occupying over 90% of global demand, according...

Is solar module recycling really as attractive as it looks?

Since the first batch of modern module manufacturers were put into production around 2002, China has ranked first in the world in terms of...

China’s Yunnan takes special regulation on new energy production safety, may lead to slight impact on solar industry chain

China’s South Yunnan Provincial Emergency Management Department recently has issued the "Special Work Plan for the Safety Production Rectification of Enterprises in the Industrial...

JA Solar to ramp up 50 GW wafer cell

JA Solar announced on March 22 to expand the company's integrated production capacity with 20 GW of silicon wafers and 30 GW of cells...

Renewable energy achieved 9.6% growth despite energy crisis, set record high

By the end of 2022, the global installed capacity of renewable energy power generation has reached 3,372 GW, and the renewable energy stock has...

TCL Zhonghuan may rise and shine this year for grasping high-purity quartz

TCL Zhonghuan Semiconductor (Zhonghuan)'s net profit increased by 69% last year, but due to the high price of silicon materials, its advantages were not...
Join Our Newsletter

Latest article

AikoSolar to complete 43.5GW cell module within the year

AikoSolar recently has released its annual report 2022, showing outstanding financial results, including significantly improved profitability and record high operating income and net profit,...

TCL Zhonghuan may rise and shine this year for grasping high-purity quartz

TCL Zhonghuan Semiconductor (Zhonghuan)'s net profit increased by 69% last year, but due to the high price of silicon materials, its advantages were not...

Why solar installation exceeds expectation in off-season?

In 2022, due to the impact of the pandemic and the high price of silicon materials, the domestic demand for solar installation was suppressed....

Is solar module recycling really as attractive as it looks?

Since the first batch of modern module manufacturers were put into production around 2002, China has ranked first in the world in terms of...

Upcoming Event

Solar Focus | Meet the Surging Solar Power Needs in Spain

On March 30, Solarbe Global will invite experts from S&P Global Commodity Insights, JA Solar and Aquila Capital to discuss the opportunities and challenges in solar PV deployment in Spain.