The latest statistics of China's photovoltaic installed capacity show that by the end of September, the cumulative installed capacity of photovoltaic power generation nationwide was 190.19GW, a year-on-year increase of 15% and an increase of 15.99GW. In the middle of the year, according to the official forecast of the Energy Bureau, 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 forecast for new installations in China, and believes that China will install about 28 GW in 2019.

Nevertheless, due to the outbreak of overseas markets, BNER still believes that the world will add 121GW of photovoltaic installations in 2019, which is consistent with the global 115-120GW predicted by the industry in July. Based on this calculation, the newly installed capacity overseas this year should exceed the forecast by 15-20GW. "China is a big country in terms of installed capacity, but it is slowing down. It is never healthy for the solar market to depend on one or two countries." It is good to talk about politics, but to break the promise Renewable energy sources such as photovoltaics and wind power are expanding so rapidly that China did not pay subsidies for photovoltaic power generation until November 2017 until a week ago. Due to the serious lack of subsidy, the power grid may be overwhelmed by the advance payment. Last week, the "Shanghai Power Grid Company Plans to Suspend the Advance Payment of Photovoltaic Subsidies" almost triggered a crisis of public opinion. Take a breath. The efforts of China's solar energy industry have spurred the world as a model of new energy applications and led the development of renewable energy. But after the 5.31 New Deal abruptly cut subsidies and suspended some project approvals last year, new PV installations plummeted.

Although the Energy Bureau adjusted its plan this year, and once again supported construction through subsidies, and in the "General Situation of National Subsidy Bidding Work for Photovoltaic Power Generation Projects in 2019" pointed out that the construction scale of photovoltaic power generation projects this year is about 50 million kilowatts, and it is expected to be completed within this year. The installed capacity is around 40-45 million kilowatts, so that the industry thinks that "2019 photovoltaic installed capacity must be political. But the apolitical Chinese photovoltaic industry is expected to give the Energy Bureau a slap in the face. Some people also believe that the Energy Administration announced the new policy in July, making it impossible for investors to make investment decisions quickly. Even if there is a 12.31 subsidy period, there is no rush to install this year, and there may not even be a "later". With the slump of China's photovoltaic installed capacity, hopes for a breakthrough in the global solar boom have been dashed. According to the latest estimates from BNEF, China will install around 28 gigawatts of new PV this year, a drop of nearly 37% from the previous year. Originally expected to be 39 GW in the third quarter, it is now down 11% year-on-year. Not only that, but weaker demand added to the downward pressure on PV cell and module prices in the fourth quarter. The day before yesterday, Tongwei announced cell pricing for December! Polycrystalline continues to cut sharply! A report titled "Market Turbulence" believes that almost all products, especially cells and modules, are facing oversupply by 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, becoming the bright spot of global photovoltaics this year. From January to August, Chinese solar companies exported $13.2 billion, which is already close to the $13.6 billion for the whole of 2018. In July, the China Photovoltaic Industry Association predicted that the annual global installed capacity of 115GW is based on China's 40GW figure. According to the 121GW forecast still maintained by Bloomberg New Energy Finance, this year's overseas photovoltaic installed capacity has increased by 15 to 20GW.