China can set up PV systems up to 75 GW up until completion of 2021

• China's National Energy Administration (NEA) released further data worrying last year's total solar PV market growth, says the consultancy Asia Europe Clean Energy (Solar) Advisory Co. Ltd. (AECEA). As necessary, the 48.2 GW deployed throughout 2020 are comprised by 32.7 GW of utility-scale systems, 10.1 GW of residential PV and 5.4 GW of commercial & industrial (C&I) PV systems.

Today's 253 GW of cumulatively mounted PV capacities, about one third of the complete global, composes roughly 11.5 percent of the nation's entire power generation abilities as well as contributed concerning 3.4 percent to the complete power created.

According to AECEA's analysis, it seems as if the Chinese federal government is inclined to continue monetarily supporting household PV installments with an annual set aside budget of approximately CNY 200 to 300 million ($ 31 to 46 million). Such a spending plan, if accepted, will suffice to sustain 10 GW or potentially align to 14 GW up until the completion of 2021.

AECEA approximates a full-year demand to be in between 60 to 75 GW, thus standing for a boost of 25 to 55 percent compared to last year. This includes among others the remainder of 55 GW of grid-parity projects approved in 2019/2020 as well as 8 GW of bidding-converted-parity projects which undergo a December 2021 deadline. Furthermore the 2020 carry-over bidding process projects to be set up by June 30, plus pure rural developments like in the District of Yunnan 3 GW and also the Guangxi Autonomous Region 1 GW by the end of this year. Moreover, AECEA anticipates 2 integrated bases with each 1 to 2 GW will be auctioned by NEA in the coming weeks.

AECEA anticipates that near future utility-scale project advancement will increasingly include the combination of various renewable resource innovations, like hybrid solar and also wind parks integrated with biomass as well as hydro power, or executed as an Agri-PV plant, as Fish-Farm-PV, Floating PV, or combined with electrical energy storage devices in an attempt to sustain grid procedures or to sustain the on-site manufacturing of environment-friendly hydrogen. "Single standing utility-scale PV systems developed to simply create power may be soon no more enough to obtain official project approval," expects the company.

China's National Energy Administration launched a draft variation of its envisaged national unified renewable resource power intake responsibility targets for the year 2021 and also the 2022-2030 period. As necessary, the share of non-hydro power consumption shall reach 25.9 percent by 2030, claims the working as a consultant. In regards to cumulatively set up wind/PV power generation abilities this recommend 1,600 to 1,700 GW by 2030. "This indicates that about 1,000 to 1,100 GW has to be added between 2021 via 2030."