"Double carbon"+economy drives the growth of PV installed capacity

Photovoltaic has good economy and strong policy support, which reflects the rapid growth trend in recent years. At present, the electricity price per kilowatt hour of photovoltaic power generation is lower than that of thermal power generation, and it has entered the era of parity. At the same time, driven by the dual carbon target, the new installed capacity of domestic photovoltaic shows a high boom. Data shows that in 2020, domestic centralized and distributed photovoltaic installations will be 32.7GW and 15.5GW respectively, with a total increase of 60.1% compared with 2019.

All over the world have launched emission reduction policies to varying degrees. In addition, photovoltaic has excellent resource endowment, low price and the cost is still declining. The emission reduction of the power industry and the improvement of the power generation structure need to rely on low-cost and efficient photovoltaic, which has huge development space. Globally, it is estimated that the new installed capacity of photovoltaic will reach 374GW in 2025 and more than 1000GW in 2030.