As an emerging industry, PV has a bright future. In the first half of the year, domestic PV module production was about 42 GW, an increase of about 24% year-on-year, and the export volume was about 19 GW, a year-on-year increase of more than 25%. The upstream polysilicon production in the first half of the year exceeded 140,000 tons. , an increase of about 24%, an import volume of 67,000 tons, a self-sufficiency rate of 68%, a record high.
Despite the weakening demand in the domestic market, overseas emerging markets are expanding, driving demand for exports. At the same time, the proportion of exports of leading enterprises is also increasing. The concentration of photovoltaic products in the export market has continued to decline in the first half of the year. The situation is continuing to expand.
In 2017, the global PV industry developed well and the domestic growth rate was rapid. The newly installed capacity was 102GW, up 33.7% year-on-year. Among them, China achieved 53GW installed under the condition of subsidy reduction in 17 years, the global installed capacity accounted for more than half, and the cumulative installed capacity reached 130GW. In the third year, it ranks first in the world. At the same time, emerging markets are gradually exerting strength. India is expected to surpass the United States to become the world's second largest market; Mexico, Brazil and other Central and South American countries have achieved rapid growth.
2017 United States, Japan, India is an important photovoltaic market
With the gradual release of PV market demand in the “Belt and Road” region, the demand for photovoltaic products in emerging markets such as India, Africa and the Middle East is increasing year by year.
In terms of domestic production, the output of polysilicon to components and inverters in the whole industry chain has increased from the previous year, with components and inverters increasing by a large margin. The domestic production capacity reached 76GW, up 39.7% year-on-year; domestic inverter production reached 62GW, a year-on-year increase of 57.1%. Polysilicon production was about 243,000 tons, up 24.7% year-on-year, accounting for 56% of the total output, and the industry capacity utilization rate reached more than 90%.
2018 PV industry chain production
In the first quarter of 18 years, the newly added photovoltaic grid-connected installed capacity was 9.65GW, of which distributed 7.685GW, which dominated, and the regional growth tends to be balanced. The second quarter is the traditional photovoltaic season, but unlike the previous years, due to the provincial overdraft and government The introduction of management policies has created a wait-and-see attitude in the market, and this year's 630 heat is less than in previous years.
The reduction of electricity cost subsidies is the most concerned policy for the operation. The “Notice on the Price Policy of Photovoltaic Power Generation Projects for 2018” indicates that the photovoltaics will be put into operation after January 1, 2018 according to the current technological progress and cost reduction of the photovoltaic industry. Power station benchmark on-grid price.
Changes in China's benchmark electricity price policy in 2011-2018 (yuan/kwh)
Decline in the decline in China's benchmark electricity price in 2011-2018 (%)
The momentum of the installed capacity in 2018 is difficult to maintain. The global and domestic installed capacity growth will slow down in the second half of the year. It is estimated that the installed capacity will be around 35GW this year.
