Several solar PV related policy declarations were made during 2019, amounting to nearly 41 GW comparable to the 44 GW installed in 2018, as per the latest Asia Europe Clean Energy (Solar) Advisory Co. Ltd.report. Only 17.5 GW of solar PV projects has been installed by October 2019
January 07, 2020. By Darshana Daga
In May 2018, the Chinese government abruptly decided to stop approving any new renewable projects until further notice.
Several solar PV related policy declarations were made during 2019, amounting to nearly 41 GW comparable to the 44 GW installed in 2018, as per the latest Asia Europe Clean Energy (Solar) Advisory Co. Ltd.
report. Only 17.5 GW of solar PV projects has been installed by October 2019. Only 500 MW of new installations were added in November 2019, according to unconfirmed sources.
Reasons are aplenty for this considerable shortfall including, delayed release of policies, availability of land, challenges to mobilize financing and grid connection issues, according to AECEA Director Frank Haugwitz. The new solar installations are expected to range between 20-24 GW for the year 2019, as per the AECEA estimates.
The report states that 2020 is not going to be much different from 2019, with grid parity being the priority followed by utility-scale and distributed PV and residential PV projects.
A reduction in the overall budget takes into account the cost reductions for both technical and general price erosions and an attempt to ensure that the December 31, 2020 deadline is not missed, as per AECEA’s report.
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