Mercom: China to target at least 15 GW of solar PV deployment in 2016

China had a cumulative installed solar PV capacity of 37.95 GW at the end of September 2015, of which 31.7 GW was from large-scale projects
China had a cumulative installed solar PV capacity of 37.95 GW at the end of September 2015, of which 31.7 GW was from large-scale projects

According to a statement released at a National Energy conference by China’s National Energy Administration (NEA) officials, the country aims to install at least 15 GW of new solar photovoltaic (PV) generation capacity in 2016, Mercom Capital Group, llc (Austin, Texas, U.S.) indicates in its Market Intelligence Report.

 

China’s PV capacity to reach 43 GW by the end of 2015

The officials stated that the country is poised to achieve 43 GW of solar PV capacity and 120 GW of wind capacity by the end of 2015.

The solar installation target cited is below the 2015 installation goal, however, Mercom is still waiting for official confirmation.

The new solar target proposed by NEA for 2016, is 16% lower than the 17.8 GW target initially set for 2015, which was further increased by 5.3 GW in October 2015, for specific provinces that had met or exceeded their installation goal.

China had a cumulative installed solar capacity of 37.95 GW at the end of September 2015, of which 31.7 GW was from large-scale projects and 6.25 GW from distributed solar projects. In first three quarters of 2015, China installed 9.9 GW of new solar PV capacity.

 

 

 

2016-01-05 | Courtesy: NEA, NDRC, Mercom Capital Group, llc; Image: JinkoSolar | solarserver.com © Heindl Server GmbH

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