On the back of a series of policies including the “630” policy, initiated by the Chinese government at the end of 2015, setting benchmark pricing for solar PV power generation projects, China added more than 20 GW in PV generation installation capacity during the first half of this year, a year-over-year increase of 300 percent.
According to industry insiders, the country’s PV industry is being cautioned to control the pace of growth in order to avoid a new round of imbalance between supply and demand during the second half. The industry will inevitably witness a number of mergers and acquisitions as well as restructurings during the second half. An official from the Ministry of Industry and Information Technology of China revealed that the ministry will work with regulators to establish detailed standards for the evaluation of PV producers and installers.
At a recently held conference, Wang Bohua, secretary general of the China Photovoltaic Industry Association, explained that the country had added 15.1 GW in PV power generation installation capacity in 2015, increasing the overall installed capacity to 43 GW. The country produced 95,000 tons of polycrystalline silicon during the first half of this year, up 28.4 percent from a year earlier. It imported 60,000 tons of polycrystalline silicon during the same period.
According to data from the association, the country produced PV components capable of delivering 27 GW of power during the first half of this year, an increase of 37.8 percent year on year. The country’s 42 PV component manufacturers, which have reported results, recorded an average capacity utilization rate of 88.6 percent for the same period, 9 percentage points higher than a year earlier.
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