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Report: China will account for more than 80% of global solar industry chain capacity by 2026
Report: China will account for more than 80% of global solar industry chain capacity by 2026
According to the latest report from Timber Mackenzie, China is expected to account for more than 80% of global solar polysilicon, wafer, cell and module manufacturing capacity between 2023-2026, after investing more than US$130 billion in the solar industry (approximately 949 billion yuan) after
“China’s solar manufacturing expansion is driven by polysilicon Driven by high profit margins, technology upgrades and the development of local manufacturing in overseas markets," said Huaiyan Sun, senior advisor at Wood Mackenzie and author of the report, "China will continue to dominate the global solar supply chain and continue to expand its ties with competitors. Technology and cost gaps."
According to Wood Mackenzie's forecast, China will have more than 1 terawatt (TW) of silicon wafer, cell and module production capacity by 2024, which means that China's production capacity is sufficient to meet global demand , from now until 2032.
Strong policies in overseas markets have begun to increase local solar manufacturing, but they are still not cost-competitive compared to Chinese supplies. According to the report, components made in China are 50% cheaper than those made in Europe and 65% cheaper than those made in the United States.
Sun Huaiyan of the University of Washington said that over the next three years, despite considerable module expansion plans, overseas markets will still be unable to eliminate their dependence on Chinese silicon wafers and cells
From outside China Judging from this, India is expected to surpass Southeast Asia and become the second largest module production region in 2025, which will be driven by India's strong PLI incentives.
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Data from the National Energy Administration shows that solar power installed capacity increased by 47% from January to October, reaching approximately 540 million kilowatts.
Nov 20, 2023 pm 06:47 PM
According to news from this site on November 20, the National Energy Administration today released statistical data on the national power industry from January to October. As of the end of October, the country's cumulative installed power generation capacity was approximately 2.81 billion kilowatts, a year-on-year increase of 12.6%. Among them, the installed capacity of solar power generation is approximately 540 million kilowatts, a year-on-year increase of 47.0%; the installed capacity of wind power is approximately 400 million kilowatts, a year-on-year increase of 15.6%. Source: Pexels From January to October, the cumulative average utilization of power generation equipment nationwide was 2,996 hours, 88 hours less than the same period last year. Among them, there were 2,704 hours of hydropower, 298 hours less than the same period last year; 1,120 hours of solar power, 52 hours less than the same period last year; 1,816 hours of wind power, 1 hour less than the same period last year; and 6,357 hours of nuclear power.
Report: China will account for more than 80% of global solar industry chain capacity by 2026
Nov 12, 2023 pm 09:25 PM
According to the latest report from Timber Mackenzie, China is expected to account for more than 80% of global solar polysilicon, wafer, cell and module manufacturing capacity between 2023-2026, after investing more than US$130 billion (approximately) in the solar industry. 949 billion yuan) Image source Pexels “China’s solar manufacturing expansion is driven by high profit margins for polysilicon, technology upgrades and the development of local manufacturing in overseas markets,” said Huaiyan Sun, senior advisor at WoodMackenzie and author of the report , "China will continue to dominate the global solar supply chain and continue to widen the technology and cost gap with competitors." According to WoodMackenzie's forecast, by 2024
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Oct 23, 2023 pm 06:57 PM
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