China Installed More Solar Power in 2013 than the US has in its Whole History
Despite predictions all through 2013 suggesting that Japan would walk away the dominant solar PV market, Bloomberg New Energy Finance has revealed that China “outstripped even the most optimistic forecasts” to install a record 12 GW of photovoltaic projects in 2013.
In fact, a massive boom at the end of the year could even have pushed the nation’s market up to 14 GW, a phenomenal feat considering that no country has ever added more than 8 GW in a year.
Workers at a solar panel factory in Huaibei, in Anhui province [source]
Bloomberg New Energy Finance (BNEF) had predicted that Japan would come out on top in 2013, ahead of China and then the US, but with a feed-in tariff for large PV projects ending on the first of 2014, the year-end rush will not be wholly understood until March.
“The 2013 figures show the astonishing scale of the Chinese market, now the sleeping dragon has awoken” said Jenny Chase, head of solar analysis at Bloomberg New Energy Finance. “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.”
China eyes fivefold jump in solar power capacity [source]
Even China’s state news agency could not have predicted the massive boom which took place. And in July it was announced that China aimed to add 10 GW of solar power a year for the next three years — a target they seem to have hit rather easily.
Surprisingly, many market analysis companies scoffed at China’s targets for 2014. IHS and Mercom Capital both released reports earlier this year suggesting that China would struggle to reach their aim of 12 GW for 2014, but with 2013′s impressive stats, one wonders whether analysts will be revising their predictions in the next few weeks, especially in the wake of new estimations suggesting that China is aiming for 14 GW in 2014.
US solar panel tariffs on China ‘harm green sector’ [source]
With the majority of solar projects located on the country’s sunny and empty western provinces, China’s state-owned power generators China Power Investment Corporation, China Three Gorges and China Huadian Corporation have become the world’s largest owners of solar assets.
‘China’s Solar Frontier’: China’s far western province of Xinjiang is at the forefront of the nation’s newest energy push: renewable energy, and particularly solar power. Leslie Hook visits a remote desert village that draws all its power from an off grid solar project. [Video]
Source: JuanCole | IC