The latest statistics on China's photovoltaic installations show that as of the end of September, the cumulative installed capacity of photovoltaic power generation nationwide was 190.19GW, an increase of 15% year-on-year, and an increase of 15.99GW. In the middle of the year, according to the official forecast of the Energy Administration, the newly installed photovoltaic capacity this year will be 45-50GW. According to the installed capacity data at the end of September, BNEF has lowered its estimate of China's new installed capacity, believing that China will install approximately 28 GW in 2019.

Despite this, due to the outbreak of overseas markets, BNER still believes that 121GW of new photovoltaic installations will be added globally in 2019, which is consistent with the industry's forecast of 115-120GW globally in 2019. Based on this calculation, the newly installed overseas capacity this year should exceed the forecast by 15-20GW. "China is a big country with installed capacity, but it is slowing down. It is never healthy for the solar market to rely on one or two countries." Renewable energy such as photovoltaic and wind energy installed capacity expanded too fast, and China did not allocate subsidies for photovoltaic power generation until November 2017 until a week ago. Due to the serious lack of compensation, the grid may be overwhelmed by the advance payment. Last week, the "Shanghai Power Grid Corporation intends to suspend the advance payment of photovoltaic subsidies" almost detonated a public opinion crisis. The State Grid immediately dispelled rumors and extinguished the fire, which allowed the neurotic photovoltaic industry to relax. Take a sigh of relief. The efforts of China's solar energy industry have been used as a model for new energy applications to spur the world and lead the development of renewable energy. However, after the 5.31 New Deal abruptly cut subsidies and suspended some project approvals last year, new photovoltaic installations plummeted.

Although the Energy Administration adjusted its plan this year, once again through subsidies to support construction, and pointed out in the "General Situation of National Subsidy Bidding Work for Photovoltaic Power Generation Projects in 2019": The construction scale of photovoltaic power generation projects this year is about 50 million kilowatts, and it is expected that grid-connected projects can be built within this year. The installed capacity is about 40~45 million kilowatts, so that the industry thinks that "2019 PV installed capacity must be political. However, the non-political Chinese photovoltaic industry is expected to slap the Energy Bureau severely. Some people also believe that the Energy Administration only announced the New Deal in July, preventing investors from making investment decisions quickly. Even if there is a 12.31 subsidy period, there is no rush to install this year, and there is no possibility that it will be "late". With the downturn of China's photovoltaic installations, the hope of a breakthrough in the global solar energy boom has fallen into vain. According to BNEF's latest estimate, China will newly install about 28 GW of photovoltaics this year, a decrease of nearly 37% from the previous year. The 39 GW originally expected in the third quarter is now down 11% year-on-year. Not only that, the weak demand also added downward pressure on the prices of photovoltaic cells and modules in the fourth quarter. The day before yesterday, Tongwei announced the pricing of cells for December! Polycrystalline continues to cut sharply! A report titled "Market Turmoil" believes that almost all products, especially batteries and modules, will face oversupply at the end of this year and next year. According to statistics, Brazil, Vietnam and some European countries have made up for the lack of new installed capacity in China and have become the highlight of global photovoltaics this year. From January to August, the export value of Chinese solar energy companies was USD 13.2 billion, which is close to USD 13.6 billion in 2018. In July, the China Photovoltaic Industry Association predicted that the annual global installed capacity of 115GW is based on China's 40GW. According to the 121GW forecast that Bloomberg New Energy Finance still adheres to, the overseas photovoltaic installed capacity this year has increased by 15 to 20GW than expected.