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The bidding for China’s 2017 Application Top Runner Program (3rd phase) has come to an end. According to the analysis of EnergyTrend, a division of TrendForce, mono-Si products take considerable share in all the projects, while the share of bifacial products also exceeds 50%. The bid winning projects are expected to lead the technological development of solar PV industry and to drive the market demand.
According to the latest data from EnergyTrend, a division of TrendForce, cobalt prices continued to rise in 2018 and soared by more than 20% in the first quarter. The rise of raw material prices results from short-term capital speculation and high supplier concentration. This concentrated industry structure may continue to push up the prices in long term. The soaring costs of raw material will be reflected in prices of lithium batteries and new energy vehicles quarter by quarter. This is also a challenge for the battery industry, which has been figuring out ways to reduce the dependence on cobalt.
The Taiwan government has devised the “Two-year solar power promotion plan” with the aim to increase 1.52 GW (1,520MW) of grid-connected capacity between July 2016 and June 2018. However, EnergyTrend, a division of TrendForce, expects that total grid-connected capacity would be 1,072MW by the end of plan, which means only 71% of the original goal would be achieved.
EnergyTrend, a division TrendForce, has recently published a new report Market of Advanced PV Technology. According to the report, requirements outlined in China’s Top Runner Program (3rd phase) will drive solar PV companies to improve efficiency in order to win the biddings on projects. This will further accelerate the development of next-generation solar cell technologies such as N-type.
China’s solar market continued its explosive growth in 2017, pushing the size of global solar market to over 100GW for the first time. EnergyTrend, a division of TrendForce estimates that the worldwide demand will increase further in 2018 to 106GW, but the distribution of demand by region will change.
