According to the data released by the National Bureau of Statistics of China, from January to November 2017, the cumulative output of the solar cell industry in the country was 85.232 million kilowatts, up 27.5% over the same period of 2007. In addition, the production of 87.666 million kilowatts was completed in November, an increase of 28.6% over the same period of the previous year, as shown below:
Chart: Monthly output and year-on-year growth of the national solar cell industry from March to November 2017 (Unit: 10,000 kilowatts,%)
Chart: As of November 2017 monthly cumulative production of solar cell industry and year-on-year (Unit: million kilowatts,%)
As of the end of 2016, China's new installed capacity of photovoltaic power generation 34.54GW, accounting for 47.32% of the world total installed capacity of 77.42GW, new and cumulative installed capacity are the world's No. 2017 in China leading position even more obvious, according to OFweek According to statistics from the Industry Research Center, from January to November 2017, the installed capacity of new PV projects in China will exceed 47GW. It is estimated that the annual installed capacity will exceed 50GW, representing an increase of more than 45% over the same period of last year. The cumulative installed capacity is expected to exceed 127GW and the installed capacity is expected to decline slightly in 2018 , But it will still be the most important PV market in the world, as shown in the following figure:
Chart: Newly Installed PV Installed in China, 2014-2017 (Unit: GW)
With the transfer of PV power plants to the Middle East and the obvious preference for distributed PV in the policies, the value of distributed PV investment has become more conspicuous, while the distributed PV industry, which has become increasingly sophisticated in market size, has caused the influx of capital. Just in the first quarter of 2017, the 'grab rooftops' battle was already in full swing as shown in the figure below, with the newly installed PV installed capacity reaching 15.3GW in the first three months of 2017, representing a year-on-year increase of 400% 25.62GW. According to our analysis of OFweek Industry Research Center, the rapid development of distributed PV, of which household photovoltaic is the trend of the times, the prospect of attractive.
Chart: Distributed PV installations in 2012-2017
