With 20 GW of PV installations in the first half-year of 2016 three times the capacity year-on-year has been added. The total PV capacity amounts to 63 GW now.
According to Wang Bohua, the General Secretary of the China Photovoltaic Industry Association (CPIA) the first six months of 2016 saw a capacity addition of 20 GW. The majority of these additions can be attributed to sinking feed-in tariffs from 30th of June 2016. From this date onwards the average remuneration amounts to less than RMB 1 (EUR 0.14) per kilo-watthour. To escape this drop many projects have been preponed to the first half-year.
The target set by the National Energy Administration (NEA) for 2016 foresaw an addition of 18.1 GW. Even if the expansion during the rest of the year is lower due to declining feed-in tariffs, the target will still be surpassed. The low target of the NEA has been set because of overcapacities in the Chinese power plant fleet and due to more curtailment for PV power plants as well.
With an installed PV capacity of 63 GW, the electricity generation from PV rose by 31 percent in June 2016 compared to last year. Electricity from PV accounted for 3.3 TWh representing almost 1 percent of the country’s total electricity generation in June 2016.
