From：Serve (Xiamen) New Energy Co., Ltd. Release time：2019-02-14
Overview：Solar energy will occupy a larger proportion of the global energy structure in the next few years. In the first decade of the 21st century, the proportion of global solar power generation increased from zero to 0.15%. The International Energy Agency predicts that by 2020, the proportion will double tenfold to 1.18%. China will play a more important role in the global solar industry in the coming years.
Solar energy will occupy a larger proportion of the global energy structure in the next few years. In the first decade of the 21st century, the proportion of global solar power generation increased from zero to 0.15%. The International Energy Agency predicts that by 2020, the proportion will double tenfold to 1.18%. China will play a more important role in the global solar industry in the coming years.
According to the article, IEA underestimated the proportion of solar energy in the global total energy. The empirical curve shows that the development of solar energy industry is much faster than expected in the past decade. Policy support from governments and financial support from investors will promote solar technological innovation. In recent years, solar energy installations have been mainly concentrated in Germany and Italy because of strong policy support. In this decade, Japan, the United States, Latin America, especially China's solar energy industry is expected to develop more rapidly.
Specifically, China plans to produce 10 gigawatts more solar energy annually between 2018 and 20123, with the goal of 70 gigawatts of solar power capacity by the end of 2023, 14 times that of 2012, and exceeding the production of Germany, the world's largest solar producer. However, at the end of 2012, the United States had only 7 gigawatts of solar power capacity, not much more than China. China, which uses subsidies as a stimulus, will account for one third of the world's solar energy production between 2018 and 2023.
According to the report, China's rapidly developing domestic solar energy market will help Chinese solar energy producers to be competitive in the international arena, so that they can better grasp the opportunities of the international market. For example, Chinese solar producers, such as Trina Solar and Yingli Green Energy, which focus on silicon technology, or new thin film producers such as Hanoi Solar, acquire innovative and even subversive technologies from Western countries through acquisitions, thus greatly improving their existing technologies.
At the same time, China's solar producers plan to reduce production and R&D costs and accelerate the pace in order to make solar production profitable in five to seven years without any subsidies.
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