Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

China Solar Installations Well Ahead Of Expectations, Says Deutsche Bank

Earlier this week, China’s National Energy Administration revealed that the country had installed 5.04 GW of new solar capacity in the first quarter of 2015 — over half of what the country installed in 2013 and in 2014, and well above analysts’ expectations.

Deutsche Bank analyst Vishal Shah commented on the announcement in a market research note this week, pointing to “positive momentum” in the Chinese solar market and the possibility for “upside surprise” to the government’s installation target for 2015 of 17.8 GW.

On Monday, I wrote that “China may find itself hitting a solar installation lull as a result of decreased investment” expected in an analysis from Bloomberg New Energy Finance. However, according to Deutsche Bank’s Vishal Shah, the Chinese government is going out of its way to streamline processes that might help the country well exceed previous years’ end-of-year figures, and reach — if not exceed — this year’s target of 17.8 GW.

According to Shah, the Chinese government “is proactively reaching out to the leading solar companies in order to streamline the [Feed-in Tariff] payment process and shorten this time from 9 months to 3-6 months.” In addition, Shah notes that “several provinces are in the process of allocating the 17.8 GW target for this year” already.

All of this leads Deutsche Bank analysts to conclude that China has “the potential to exceed 20 GW” in 2015.

China installed 4.38 GW of utility-scale power in Q1’15, and another 660 MW of distributed generation solar, bringing their cumulative totals up to 27.79 GW and 5.3 GW respectively, totaling 33.12 GW for the country.

Deutsche Bank therefore believes that a further 5 GW of new installations are set to be brought online in Q2’15.

 

 
 
 
Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Cars

China spent $546 billion of 2022's $1.1 trillion USD global green investment, but China is getting about a trillion USD in value out of...

Cars

To catalyze the adoption of more sustainable transport options in the automobile sector, we need more affordable cars. We are finally starting to see...

Climate Change

I urge people thinking about Flyvbjerg's work who are asking themselves, "But what about this critically important aspect of project success?," to not assume...

Batteries

But pledged investments can still be lost to America unless the EU ramps up incentives for the EV supply chain.

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.