AsiaNet  86243

NANJING, China, Oct. 23, 2020 /PRNewswire=KYODO JBN/ --

China's solar industry is expected to embrace faster growth against the

background that China aims to have CO2 emissions peak before 2030 and achieve

carbon neutrality before 2060, according to experts at a photovoltaic

conference held on Thursday in Jintan, China.

To achieve carbon neutrality goal, China's energy structure will experience

fundamental changes with the share of fossil energy in the primary energy mix

to decline sharply while the share of renewables, such as solar and wind power,

to grow at a fast pace, said Zhou Dadi, deputy president of China Energy

Research Society, at the Jintan Photovoltaic New Energy Development Summit.

"China should rapidly increase the share of non-fossil energy in its primary

energy consumption to achieve carbon neutrality goal, especially promoting the

decarbonization of power generation industry." said Liu Yiyang, deputy

secretary-general of China Photovoltaic Industry Association.

On this expectation, renewable energy, like solar and wind power, will embrace

faster growth in the future, said Liu, forecasting that China's new installed

solar projects will reach over 65 GW per year from 2021 to 2025.

In 2020, the installed photovoltaic power connected to the grid with price

parity will reach 33.1 million kilowatts, according to the China's National

Energy Administration.

As China is promoting subsidy-free projects for wind and photovoltaic power to

boost energy transformation, the nation's solar industry will enter the era of

grid price parity in the 14th Five-Year Plan period, said Shi Jingli, a

researcher with the China Renewable Energy Center under the Energy Research

Institute of the National Development and Reform Commission.

Regulators should work out policies to help enhance the technology upgrading

and reduce costs for the solar power industry, as the efficient technology and

low cost are the major drivers for the industry development, said Shi.

At the summit, China Economic Information Service, a subsidiary of Xinhua News

Agency, published its annual development report for China's photovoltaic

industry, which expects that the solar industry will become a competitive

energy in China's primary energy mix.

Jintan, one of China's fast growing solar industry bases, has attracted a large

number of solar companies each with annual revenue over one billion yuan,

covering the whole photovoltaic industry chain. In 2019, the business revenue

of the solar industry in Jintan totaled nearly 30 billion yuan.

Original link: https://en.imsilkroad.com/p/317012.html

SOURCE  Xinhua Silk Road

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   Link: http://asianetnews.net/view-attachment?attach-id=374879

   Caption: Jintan Photovoltaic New Energy Development Summit kicks off in Changzhou, a

city in east China's Jiangsu Province, Oct. 22.