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Caspian Energy Journal Caspian European Club
Wednesday, 16 September 2015 14:00

China announces goal of installing 100 GW by 2020

China ranks just ahead of the United States as the sixth-largest installer of solar photovoltaics. However, China has announced a goal of installing 100 GW by 2020, almost as much as the 2020 targets of Germany, Italy, and Japan combined, Caspian Energy News (www.caspianenergy.net) reports with reference to the statement of the U.S. EIA.

Future demand for solar photovoltaics will be affected by major countries' goals for installed solar capacity. More than 50 countries have established national solar targets, amounting to more than 350 GW by the year 2020. The current top six countries in terms of total installed solar capacity—Germany, Italy, Japan, Spain, France, and China—represented 76% of installed capacity in 2012, but only 61% of the global target total for 2020. Reaching 350 GW by 2020 would require average annual installments of 40 GW from 2013 through 2020, which is equivalent to manufacturing production in 2013 and well within current PV manufacturing capability of 60 GW per year.

In some cases, national targets are not indicative of a country's future solar PV market. For example, the United States does not have a national target. Instead, several individual states have established renewable portfolio standards, some with separate targets explicitly for solar. Furthermore, countries tend to adjust their targets. For instance, India recently increased its solar target from 20 GW to 100 GW by 2022.

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