Weekly Review April 20th ~ 24th

published: 2015-04-24 17:59 | editor: | category: News

The 2015 SNEC exhibition is around the corner, and the PV demand in China is expected to boost after the convention. EnergyTrend forecasts a stronger market starting from the second quarter of 2015 despite the PV spot prices remain as flat as previous weeks due to weak demand.

China’s National Energy Administration (NEA) unveiled a report of the PV installation capacity in the first quarter. Surprisingly, it installed up to 5.04GW of solar power nationwide – more than the 3.3GW installation capacity in the first and second quarter of 2014. Among the new installations, there are 4.38GW of large-scale PV power plants and 0.66GW of distributed generation systems. Besides, the cumulative PV installation in China reached 33.12GW in March 2015.

Japan, the other leading PV market in the Asia, is forecasted to install up to 100GW of solar capacity by 2030, according to JPEA’s latest report. As more and more renewable resources come online, some power companies see battery energy storage systems, grid connection and frequency regulation as future markets. The global renewable market may start transforming in the near future.

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