The company’s latest report states that China installed 15.13 GW of new installed PV capacity in 2015, with cumulative capacity reaching 43.48 GW by the end of 2015. The country’s PV installed capacity has increased around 13-fold since 2011.
Ankit Mathur, GlobalData’s Practice Head covering Power, explains: “In the first quarter of 2016, China added a total of 7.14 GW of PV capacity, of which 6.17 GW accounted for solar PV power plants, and 970 Megawatts (MW) for distributed PV. The installation can be attributed to the country’s efforts to boost green energy and adjust the energy mix dominated by coal.
“In the first half of 2016, a rush of solar PV installations was witnessed, as PV power projects which were connected to the electricity grid prior to June 30, 2016 will be entitled to reap benefits from higher 2015 solar feed-in tariffs (FiTs). Indeed, China witnessed increased solar growth due to rising demand across the region ahead of the subsidy policy adjustment.”
+Info and Source: https://goo.gl/CNg9dP