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| Mon, 15th Jun 2020 15:27:00 |
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Analyst expects ‘unprecedented’ consolidation of Chinese solar industry |
Private PV manufacturers and project developers alike are set to be squeezed out by the state in the world's biggest solar market, according to Frank Haugwitz, who has compiled a market update as preparations for the next five-year plan gather pace.
With work intensifying on the preparation of China's 14th five-year plan, one in-country analyst has predicted the renewable energy aspect of the national policy package could transform the Chinese solar sector.
Frank Haugwitz, director of the Asia Europe Clean Energy (Solar) Advisory (AECEA), has predicted changes being drawn up by the authorities may drive "unprecedented industry consolidation" as state-owned entities squeeze out private businesses in the downstream solar project segment of the industry. The analyst also expects Beijing to halt overly-ambitious production capacity expansion and said big solar players could head west.
Ever more ambitious production capacity plans have been outlined by the world's biggest solar manufacturers since last year, even as energy consumption has slumped around the world because of Covid-19-related industrial shutdowns, prompting oversupply fears. The AECEA has predicted further solar component price falls in the next quarter, on top of an estimated 20% reduction in the cost of making solar wafers and cells during the January-to-May period, and a 10% retreat in module costs during the same window.
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