China Expected to Install a Whopping 50 GW of Solar in 2017 – AECEA
October 18, 2017
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After adding an astonishing 34.54 GW of solar PV power generation capacity in 2016, representing a 128 percent increase year-over-year, who would have even remotely anticipated that China would be up for another record breaking year in 2017, with 50 GW basically within reach! By the end of September, the added solar PV capacity amounted to approximately 42 GW, which means that in the remaining months of 2017 China needs to add only an average of approximately 2.7 GW per month in order to cross the 50 GW mark. The first quarter of this year witnessed 7.21 GW of additions, June and July alone contributed close to 25 GW, and August and September combined to add approximately 6.5 GW. Based on the experience of past years, estimates for the fourth quarter usually feature a low(er) October, due to the national holiday period, however November and December can be surprisingly strong, with additions of 6-7 GW each, hence the 50 GW is in immediate reach in AECEA’s view. Overall, by the end of September, approximately 120 GW of cumulative solar PV had been installed across the country.