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China may fall short on 2021 solar capacity addition, hit by raw material costs


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Dec 15, 2021  •  13 minutes in the past  •  2 minute learn  • 

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BEIJING — China’s put in solar capacity may miss expectations to achieve simply 45 gigawatts (GW) to 55 GW this 12 months, the solar manufacturing affiliation stated on Wednesday, as hovering costs of raw material slowed tasks.

The determine compares with technology capacity of 55 GW to 65 GW that had been forecast to be added this 12 months, as China has grown solar energy capacity almost sixfold since 2015, to face at 253.43 GW by 2020.

But a strong rebound in set up in coming years may see the launch of as much as 75 GW of recent capacity in 2022, Wang Bohua, vice-chairman of the China Photovoltaic Industry Association (CPIA), informed a convention.

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This may additionally push annual capacity additions to between 90 GW and 110 GW by 2025, he added.

Prices of silicon supplies and silicon wafer surged 165% and 63%, respectively, within the interval from January to September, Wang stated, though costs have cooled in current weeks.

President Xi Jinping has pledged to spice up whole put in solar and wind capacity to 1,200 GW by 2030 within the combat on local weather change, implying his nation would wish so as to add 665 GW of solar and wind capacity inside this decade.

Over the primary 10 months this 12 months, nonetheless, simply 29.31 GW of recent solar energy technology capacity was launched, official knowledge confirmed, as a provide constraint on photovoltaic raw supplies and runaway product costs hit new tasks.

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China’s solar module exports reached 82.2 GW within the first 10 months of 2021, up 32% on the 12 months, CPIA knowledge confirmed, destined principally for Australia, Europe and Japan, whereas gross sales to rising markets equivalent to Brazil, India and Vietnam additionally picked up.

Wang additionally warned that tightening international commerce circumstances may have an effect on improvement of the trade.

Last week, Washington banned imports from the far western area of Xinjiang over considerations about pressured labor. Xinjiang provides about 45% of the world’s solar panel-grade polysilicon.

Some Chinese solar makers, equivalent to Longi Green Tech , have arrange manufacturing crops abroad to keep away from the stress over politics and commerce. (Reporting by Muyu Xu and David Stanway; Editing by Clarence Fernandez)

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