China will add 619GW of PV installed capacity in 2030_Chiko Solar Mounting System | Mounting Factory Shanghai China

news

why us

Learn more about CHIKO commerical and residential mounting solution you can benefit

learn more

case studies

Find out which easy solution is just fit for your solar power system

: Chiko Solar Home roof 5MW solar plant project locate

: 2017 Chiko Solar 80KW Project Solar Carport Mounting

about us

CHIKO Solar designs and manufactures high quality solar mounting systems for pitched roof......learn more>>

Industry

China will add 619GW of PV installed capacity in 2030

Data:2021-08-05

According to data from Wood Mackenzie, a Scottish data company in the United States, by 2030, China will add 619 GW of solar power to global solar power stations. Analysts also predict that in a statement on the Asia-Pacific region, Indonesia will become the fastest growing region in the region solar mounting market.

China will add 619GW of PV installed capacity in 2030

WoodMac consultant Zhang Xin said that China will continue to lead Installed capacity of solar mounting structure in the Asia-Pacific region triples to 1.5 TW by 2030.

According to the report released by WoodMac yesterday, India will add the second largest solar energy in this ten years, followed by Japan, South Korea, Vietnam and Australia, but the Indonesian market will become the fastest growing market, from a small one from today’s 300MW It is estimated to be 8.5GW in 9 years.

The Asian Development Bank last year provided a $600 million loan to the state-owned power company Perusahaan Listrik Negara to expand power supply, which will largely contribute to this rapid growth.

Zhang said that India will not be able to achieve its ambitious goal of reaching 100 GW of installed solar bracket capacity by next year, but it will rebound from the current Covid-induced downturn and eventually increase by 138 GW by the end of this decade.

By 2030, Japan will become the third largest market in the region, although high prices have slowed down new installations. Nevertheless, the country will add 63 gigawatts of solar energy in the next nine years, staying ahead of the 58 gigawatts expected by the Korean market, and WoodMac said the market is rising.

The solar boom driven by feed-in tariffs in Vietnam-5.5 GW of power generation capacity installed in 2019 and 13.8 GW installed last year-will slow to 2026 as subsidies are gradually reduced, but will return to the expected 45 analysts It is predicted that as solar prices reach grid parity, GW by 2030.

WoodMac pointed out that Australia will add 23 gigawatts of solar power generation by the end of this decade because of the demand for green hydrogen and state government rather than federal policies.

Small scale

Analysts report that for the remainder of the 2020s, large projects will continue to account for 53% of China’s projected new capacity, but in other parts of the region, land restrictions and increasing affordability will allow small-scale “distributions”. The “distributed solar bracket power generation” system becomes possible. More popular. The analyst said that by 2030, this type of small home and commercial arrays will provide more than 60% of the region's new capacity outside of China, ensuring that 51% of the new arrays in the entire Asia-Pacific region will be small by then. scale.

WoodMac said that after installing 1.5 TW of power generation capacity in the region, the share of solar energy in the total power generation portfolio will rise from 4% to 10% within 9 years. By then, photovoltaic power generation will account for 20% of Australia’s electricity and 15% of Vietnam’s .

CHIKO solar more efficient and flexible solar mounting system solution waiting for you here! Contact Us !

Above news from CHIKO Sales & Marketing department
Add: No 680 Xingwen Rd. Jiading dist. Shanghai 201801 China Email: Chiko@Chikolar.com
Website: http://www.chikolar.com Fax : +86 (21)59972938
Phone: +86(21) 59972267 59973712 59973713--811

previous: By 2025, Southeast Asia's large-scale solar bracket plans to add 27GW

next: BNEF: In the first half of 2021, the investment in solar mounting system projects reached US$78.9 bi

create value for customers

Industry

news

Company

Industry

Projects

Exhibitions

why us

case studies

about us

Industry

China will add 619GW of PV installed capacity in 2030

support

News

Products

Company

contact us

Shanghai Chiko Solar Technology Co., Ltd

Tel:+86 21 59972267

E-mail: chiko@chikolar.com