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PV installations to reach over 4 GW in China

Solar boom expected as Chinese government raises 2015 installation target to 21 GW

PV installations in China are set to reach over 4 GW this year

PV installations in China are set to reach over 4 GW this year, according to a report. The report from UK organisation IMS Research said the expected solar boom will create “huge opportunities” for PV suppliers in China.

The latest version of China’s Five-Year-Plan for the PV industry reveals that China’s regulatory and planning body, NDRC, has lifted its installation target from 15 GW to 21 GW by 2015. IMS Research said this positive guideline will further stimulate the rapid growth of China’s PV market from 2012 to 2015, according to its latest quarterly report on PV supply and demand in China.

IMS said with European demand set to shrink from the second half of 2012, China’s domestic market will “become increasingly important”. China’s latest move will help to support the huge amount of production capacity added by Chinese suppliers in the last two years by expanding domestic demand.

According to IMS Research’s report, China’s c-Si PV module capacity reached 32.6 GW in the first quarter of this year, while full year global installations are forecast to reach just 30.6 GW.

Besides the large pipeline of ground-mount utility scale PV stations located in China’s desert regions, commercial installations are forecast to increase their market share by 13 percent this year.

Frank Xie, senior PV market analyst and report author, said: “A more diverse range of system types will emerge in 2012, largely driven by China approving 1.7 GW of projects under the Golden Sun Scheme. IMS Research predicts that 1 GW of Golden Sun projects will be completed by year end, and that medium and large commercial rooftop installations will reach 850 MW in 2012.”

IMS Research said this promising future has created huge opportunities for PV suppliers in China.

“Although the Chinese government has implemented tighter project approval regulations in 2012, system integrators have submitted a huge amount of applications,” said Xie. “With the prospect for 5 to 7 GW of PV installations in 2012, PV module shipments to installations in China in 2012 are predicted to be more than double that of 2011.

“Inverter companies will have similar opportunities, and the base of domestic suppliers has grown rapidly in recent years with China now home to over 200 inverter suppliers,” he said.