China sets new record in the PV world

China sets new installations record

China installed 12 GW of solar last year

Chinese PV developers reached a new milestone with 12 gigawatts of solar panels installed last year, almost doubling the total amount of solar plants in the U.S, this year they could exceed that as Bloomberg New Energy Finance announced.

The solar PV panels were made in the Chinese provinces of Gansu, Xinjiang and Qinghai and bring China’s state-owned power companies the world’s biggest owners of solar valuables, as the London-based research company reported.

China was the largest solar market in 2013, outweighing the old leader Germany. Chinese solar installations are three times higher than they were two years ago, with a total of 3.6 gigawatts. This year it is said the Asian country will have 14 gigawatts of solar installed, as figures predict.

“The 2013 figures show the astonishing scale of the Chinese market. PV is becoming ever cheaper and simpler to install, and China’s government has been as surprised as European governments by how quickly it can be deployed in response to incentives.” said the lead solar analyst at New Energy Finance Jenny Chase.

Chinese investors completed the projects before the end of the year, until the1-yuan (17 U.S. cents) a kilowatt-hour incentive expired. This may bring maybe 2 gigawatts of late-year additions that are not part of the 12-gigawatt total.

China brought a 28 per cent raise in global solar installations in 2013. All installation may bring another 20 per cent this year, according to announcement. Until last year, no country execeded8 gigawatts of solar power installations in a year.

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Posted by on Jan 24 2014. Filed under _featured slider, Asia, Energy Market, Market News, Solar PhotoVoltaics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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