Industry Analysis & Industry Trends
The still immature Solar Power Generation industry has been developing rapidly. Industry revenue has been rising at an annualized rate of 145.3% over the five years through 2015 to total $2.6 billion.
Rising household demand for electricity in China has led to several power supply shortages over the past few years, which has stimulated demand for solar power generation. In addition, a reliance on imported oil and gas resources for power and increasing environmental consciousness have led to a strong government focus on the development of renewable energy, especially solar power. In the twelfth five-year planning period (2011 to 2015), the State Energy Administration aims to take the installed capacity of solar power generation from 860 megawatts to 21 gigawatts.... purchase to read more
Industry Report - Industry Products Chapter
Solar photovoltaic power (PV)
Solar photovoltaic (PV) power uses solar cells to transfer solar energy into power. Equipment for PV has a long life span and can be easily installed, which greatly adds to its economic value and availability.
In China, PV has been developing rapidly in recent years. Since PV plants rely on solar energy for power generation, they are usually established in areas abundant in solar energy, such as Inner Mongolia, Xinjiang and Ningxia. Power generated by PV stations is widely used for household consumption in western areas and industrial production in Eastern China, especially in Shenzhen, Guangzhou province. In 2015, PV contributes the vast majority of industry revenue, at an estimated 98.7%... purchase to read more