Click to Check | PV Industry May Newsletter

Date:

2024-05-30 09:38

By the end of 2023, China's cumulative installed capacity of wind power and photovoltaic reached 1.05 billion kilowatts, accounting for about 40 percent of the world's total installed capacity of new energy. By 2060, the electrification rate will increase to about 60 percent from about 26 percent in 2023, according to the study. As of the end of April, the country's cumulative installed power generation capacity was about 3.01 billion kilowatts, up 14.1 percent year-on-year. Among them, the installed capacity of solar power generation was about 670 million kilowatts, up 52.4 percent year-on-year.

 

It is expected that the total cumulative investment demand during the forty years from 2020 to 2060 will exceed 80 trillion yuan, of which the investment areas mainly include investment in new energy power and support flexibility, investment in non-electric new energy infrastructure construction, and investment in CCUS infrastructure construction.

The results of the first CATI index evaluation of listed PV companies: LONGi, Jinko, and CanadianSolar were ranked in the top three, while Trina, JA, TW, TCL, SUNGROW, GCLET, and XINYI SOLAR were ranked in the TOP 10.

At present, the photovoltaic market is still in the stage of polarisation.  On the one hand, under the photovoltaic product price war, LONGi, TW, TCL, JA, and other giants performance plummeted; on the other hand, MAXWELL, DKEM, YourBuddy, ATW, and other auxiliary materials equipment business performance is very good.

The photovoltaic industry is a very highly marketized industry. It is more appropriate to solve the industry's current difficulties through market-based means, to encourage mergers and acquisitions in the sector, and to have a smooth market exit mechanism.