PV overcapacity is temporarily

Researcher at the Energy Research Institute of National Development and Reform Commission, Wang Sicheng said today that, by 2050, the global PV installed capacity will reach 3000GW, according to the 30-year development period, the average annual installed capacity of 100GW. PV overcapacity is temporary, and after five years is not enough.

Renewable Energy Society today organized seminar on "distributed photovoltaic power generation policy, technology and dynamic hotspot analysis" he made the remarks, according to the forecast made the the "REThinking2050", "RenewableElectricityFutureStudy" and "EUMENA ​​Plan. Which, in April 2010, the European Renewable Energy Council released "REThinking2050", proposed in 2050, 100% of Europe's energy supply from renewable energy sources. 2050, Europe's total electric power installed capacity will reach 195GW, PV installed capacity will reach 962GW, accounting for 49.2% of the total installed capacity of the European electricity.

Cloth "RenewableElectricityFutureStudy", proposed in 2050, 80% of the U.S. electricity supply will come from renewable energy sources, including PV installed capacity will reach 300GW, 27% of the total electricity installed capacity. The "EUMENA ​​planned renewable energy development plan is made in Europe, the Middle East and North Africa region, the focus of this program lies in the deserts of North Africa and the Middle East, photovoltaic inverter  solar thermal technologies and wind technologies, solve the problem of power generation and water desalination, to meet the power in North Africa and the Middle East, and the supply of fresh water, and through the high-voltage direct current long-distance transport technology, the electricity delivered to the whole of Europe. The plan can be solved in 2050 33% of the electricity demand in the region.

Wang Si Cheng also noted that the 2020 PV cumulative installed capacity will reach 100GW, 2030 reached 300GW by 2050 will reach 1000GW. 's Media, according to the Hong Kong Economic Times reported that Warren Buffett's MidAmerican Energy Holdings Company intends to acquire Suntech Power Boosted by the news, Suntech's shares rose 28%, or once reached, leading PV manufacturers in China rose in New York collective.

Although China has the reputation of the country's grid connected inverter industry Hope, Solarbuzz recent report: Chinese demand volatility means that suppliers rely on foreign markets will or advantage. Solarbuzz forecast in the latest quarterly report: quarterly demand will vary greatly, ranging from 0.9GW to 3.6GW.

Despite Solarbuzz company is expected to: demand next year will account for more than 20 percent, which focus on manufacturers in the Chinese market is difficult to ensure the level of inventory, and rely on outside China will be more from the more benefit from the expected level of demand. The authors of the report said: the demand in Europe, 65% from Germany, Italy, France and the United Kingdom market, the needs of each quarter will 2.7GW to 3.2GW. In other markets, Japan is expected in the first half of 2013, demand for online demand in the United States in the second half, in addition to the market demand in Southeast Asia and the Middle East will be very strong, which will allow the 2013 level of demand becomes more predictable.