According to the latest data released by the National Energy Administration (NEA), 13.01 GW of solar capacity was installed in China during the first half (1H) of 2021. Installations saw a 12.9% increase compared to the first half of 2020 when China installed 11.52 GW.
China’s solar manufacturing association expects the country to add 65 GW of solar power in 2021, taking the total solar installations upwards of 300 GW by end of the year.
A solar cell or photovoltaic (PV) cell is a semiconductor device that converts light directly into electricity by the photovoltaic effect. The most common material in solar cell production is purified silicon that can be applied in different ways.
A PV module is an assembly of photo-voltaic cells mounted in a framework for installation. Photo-voltaic cells use sunlight as a source of energy and generate direct current electricity. A collection of PV modules is called a PV Panel, and a system of Panels is an Array. Arrays of a photovoltaic system supply solar electricity to electrical equipment.
The demand for energy continues to rise due to rapid industrialization and urbanization, especially in developing countries in the world. As solar energy is one of the abundant sources of renewable energy, researchers have focused on the various ways to harness solar energy. Low cost solar technologies proved to be important to balance energy needs in a sustainable manner. In the last 10 years, the efficiency of average commercial wafer-based silicon modules increased from about 12% to 19% (Super-mono 23%). At the same time, CdTe module efficiency increased from 9% to 19%. In the laboratory, high concentration multi-junction solar cells achieve an efficiency of up to 47.1% today. With concentrator technology, module efficiencies of up to 38.9% have been reached.
China has become the largest manufacturer and exporter of solar cell and modules. Global top 3 solar modules manufacturers all distribute in the country. They are LONGi, JinkoSolar and JA Solar respectively.
The global revenue of Photovoltaic Module market was valued at 34,839.87 Million USD in 2020 and is expected to reach USD 68,127.86 Million USD in 2027. In the future four years, QYResearch predicts the CAGR of global revenue is 8.5%.
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