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 78.2% over the five years through 2016 to total $3.3 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. By the end of 2015, the total installed capacity of solar power generation increased to 41.58 gigawattes, which accounted for 20% of totals in the world.... purchase to read more
Industry Report - Industry Locations Chapter
Solar power plants in Inner Mongolia account for an estimated 13.3% of the total. A large amount of these solar power plants are of large-scale and are divided into several phases. Inner Mongolia is abundant in solar energy. The region also has vast, plain areas where it is advantageous to install solar power equipment. The technically exploitable capacity in Inner Mongolia is about 150 million KW, accounting for half of China's total. Increasing government assistance and subsidies on solar power and the gradual reduction in price of solar power also promote the establishment of solar power plants in this region. By the end of 2015, total accumulated installed capacity of solar power in Inner Mongolia increased to 4,890 MW... purchase to read more