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China Solar PV Forecast for 2014 Upgraded to 12 GW

On 14 November 2013, the Chinese Bureau of Energy released a draft of proposed solar power installations for China in 2014. Under this proposal, new solar installations in China are expected to reach 12 GW in 2014 . This includes 8 GW of distributed PV generation and 4 GW in the ground-mount segment. 

Jiangsu Province is expected to have the leading market share with 1.3 GW of quotas within the pipeline. This is followed by Shandong Province (1.2 GW) and Zhejiang Province (1.1 GW). Other provinces in the top ten quota list include: Hebei, Guangdong, Qinghai, Xinjiang, Inner Mongolia, Henan and Gansu.

Source: Asia Pacific Major PV Markets Quarterly report (forthcoming) 

The release of the quotas for 2014 will provide confidence to project developers in the Chinese solar PV market, and reflects the positive attitude of the Bureau of Energy towards the rooftop segment. 

The Bureau of Energy has also explained that the allocation to the ground-mount segment could be adjusted, based on the progress of PV installations in 2014. While the ground-mount segment will continue to dominate the Chinese solar PV market during 2014,  distributed generation applications will continue to increase.

According to our research, the increase in solar PV demand from China is now driving the total Asia Pacific (APAC) baseline forecast to 24 GW for 2014, with an upside as high as 32 GW. The increase from the APAC region is a major contributor to our upgrade of global forecasts for 2014 to the 45-55 GW level. Similar to 2013, China is again forecast to be the largest country for solar PV demand next year.

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  • Joachim

    Thanks for the update, but what has the solar PV installation been upgraded from? It just says upgraded to 12 GW.

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