The prospect of the PV market is bright in 2019
sourcing from: Energyvoice
China's polysilicon giant, Grand New Energy Co., Ltd. is still risking its production capacity in the face of possible global supply, but its strategy is supported by investment company Credit Suisse.
In May of this year, when the Chinese government suddenly stopped the PV subsidy policy, industry analysts predicted that the global demand for polysilicon and solar panels with its main raw materials will drop sharply.
On December 18th, Daxin Energy Co., Ltd. announced that it will continue to advance its target. By March 2020, the output will more than double, and the output will reach 70,000 tons. Credit Suisse Group said in the 2019 Alt Energy Investor Report that this is a smart move because the Chinese government is expected to announce more ambitious PV power generation targets.
Credit Suisse expects new PV capacity to reach 80GW this year and will rise to 94GW next year, thanks to an increase of 2GW in China's installed capacity this year, and India's similar growth rate, while the US has increased by as much as 6GW.
According to the report, due to favorable policies, corporate needs and public support, solar power installed capacity will increase to 152 GW by 2022. The latter two factors are reflected in Nissan's solar roof system at a facility in Amsterdam. The facility was partially supported by crowdfunding. By 2030, the installed capacity is expected to reach 240GW. Credit Suisse is very optimistic about the PV market in the Middle East, Europe, Latin America and the United States.
Analysts are optimistic about the prospects for energy transformation, saying: "In more than 40 states, residential solar systems are attractive to homeowners because they are cheaper than retail electricity," the report added. "Utilities The scale of PV energy storage prices has been cheaper than natural gas power plants. Residential PV energy storage is a fairly affordable option in five states, and this number will increase to 23 states by 2025."
