What will China's solar photovoltaic market be like in 5 years?

China’s solar photovoltaic market is likely to be the most critical battlefield for the sate-owned power developers in the coming five years.

Is solar PV a step away from grid parity in China?

In the recent solar project bidding, PV projects have reached an all-time low price, just ¥0.033/KWh higher than the coal-fired power benchmark prices in China. The subsidy amount is 50% lower than that of the previous year, recent research show. It proves again that solar PV is just one small step away from grid parity in China.

What is the LCOE of China's photovoltaic projects?

China Photovoltaic Industry Association recently releases an analysis on the LCOE (Levelized Cost of Electricity) of China’s photovoltaic projects. According to the report: In 2019, the average annual utilization hours of photovoltaics nationwide were 1169 hours, and the construction cost of photovoltaic power plants is ¥4.5/W.

Will China Datang acquire 4GW solar pipeline?

China Datang in 2020H1 has acquired 4GW solar pipeline during the zero-subsidy tenders, too. The move would allow it to rank among in China’s top-10 solar developers. SPIC has been the global No.1 solar developer, currently with 19.29GW solar installed capacity.

Is solar power a big investment in China?

Since 2018, solar has been more dominant in China’s power investment, as incremental capacity statistics indicate: 2020H1: China added 11.52GW new solar capacity (7.08GW mounted and 4.43 distributed); while the nation only installed 6.82GW additional wind units. Solar is almost double the size of incremental wind.

Are China's Tier-1 power companies focusing on solar?

We have observed since this year that the tier-1 power companies in China are showing stronger appetites for PV project investments—if not completely shifting the focus of their renewable investment strategies from wind to solar. Solar used to play a secondary role in state-owned power utilities’ energy transition games.