Forecast and Analysis of China's pv market trend
发布时间：2020-06-19
DNV GL's latest report says China is leading the world in wind and solar photovoltics, which will overtake coal as the main power supply by 2034 and will cover 52% of the region's electricity demand by 2050.
In recent years, under the overall goal of fully implementing the Paris Climate Agreement, China has embarked on a momentum of energy transformation. Substandard and highly polluting thermal power plants have been shut down on a large scale, and clean energy such as wind power and photovoltaic power have been strongly supported. China's annual energy consumption totaled 4.49 billion tons of standard coal in 2017, up 2.9 percent from the previous year, according to official data from the National Bureau of Statistics. The consumption of natural gas, hydropower, nuclear power, wind power and other clean energy accounted for 20.8 percent, up 1.3 percentage points over the previous year.
Under this trend, China's energy structure is undergoing great changes. DNV GL thinks the change will be even deeper in the coming decades and that coal-fired power generation will soon be diversified. Currently, 82 percent of greater China's energy needs come from coal and oil, by far the largest source. Starting in 2023, coal use will start to decline, and by 2050 it will supply only 11 percent of total energy.
"China is already leading the world in the growth of wind and solar photovoltaic power generation, which together will account for 39 per cent of greater China's energy consumption by 2050. Renewables will grow rapidly, and onshore wind has been growing steadily since 2011 and will continue to do so: by 2050, onshore wind will account for 26 per cent of electricity generation and offshore wind will increase by 6 per cent. Solar pv will be the biggest winner, overtaking coal as the main power supply by 2034. By 2050, it will provide 52 percent of greater China's electricity needs
