Popular Keywords
- About Us
-
Research Report
Research Directory
Semiconductors
LED
Consumer Electronics
Emerging Technologies
- Selected Topics
- Membership
- Price Trends
- Press Center
- News
- Events
- AI Force
- AI Force
China’s domestic PV demand continues to rise in May. Hence, the leading PV companies are now expanding their businesses into the downstream sector, focusing on PV system in particular. This in turn drives the capacity expansion efforts along the entire supply chain, according to EnergyTrend, a division of TrendForce.
The slow recovery of the global PV market continues into the second quarter. Jason Huang, research manager for EnergyTrend, a division of TrendForce, said the market on the whole is showing positive signs even though prices along the supply chain were falling at the end of the first quarter. Demands for system installation was not substantial during that period, resulting in the general price decline.
A recent study by the International Energy Agency states that the Asia-Pacific region ranks in first place in the amount of PV system installed for two years in a row. EnergyTrend, a division of TrendForce, projects that the total amount of PV installed worldwide in 2015 will reach 51.4GW in its newest PV Gold Report.
China’s National Energy Administration (NEA) announced on March 16 that it has revised the country’s overall PV installation target from the original 15GW to 17.8GW. Additionally, the government will increase its efforts to supervise closely on the previous year’s projects that are unfinished and ongoing.
If energy consumption continues to follow the same cost pattern and fail to uphold the spirit of sustainability, the concentration of greenhouse gases may double in 2050. By then, climate change will be more severe. Therefore, many countries have been promoting the use of green energies through energy subsidy policies or industrial regulations, and this has progressively led to a boom in the development of green energy industry.
