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The newly added photovoltaic installed capacity next year is 158GW, and China may account for nearly 30%.
Release time:
2020-12-22
Recently, the globally renowned business information service provider IHS Markit, after in-depth analysis, predicts that the new installed capacity of photovoltaics in 2021 will reach 158GW.
Recently, the globally renowned business information service provider IHS Markit, after in-depth analysis, predicts that the new installed capacity of photovoltaics in 2021 will reach 158GW.
In addition, IHS Markit also believes that the new installed capacity of photovoltaics in China and the United States will account for about half of the forecast, which is 80GW, becoming the main force of new photovoltaic installations in 2021.
Previously, IHS Markit had estimated that the global new installed capacity in 2020 would be 118GW, an increase of about 3GW compared to 114.9GW in 2019. However, looking at the first 11 months, China's total new photovoltaic installed capacity for the year should be around 35GW, an increase of about 5GW compared to 2019. The U.S. market has also seen a slight increase compared to 2019, but the installed capacity in the Indian market has plummeted, and many other countries' photovoltaic project constructions have also stalled, making it uncertain whether they can reach IHS Markit's forecast.
According to the deputy director of the New Energy Department of the National Energy Administration, during the 14th Five-Year Plan period, China's average annual new photovoltaic installed capacity will reach 70GW. The United States will also rejoin the Paris Agreement on the first day of the new president's inauguration, which are believed to be factors contributing to IHS Markit's optimistic forecast for photovoltaic installed capacity in 2021.
Of course, the main factor is still the rapid development of the photovoltaic industry in the past 10 years, with costs significantly reduced, making it a key development project for many countries and regions as a future renewable energy source, contributing significantly to global carbon neutrality.
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