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The downward revision of income tax credit for photovoltaic systems for next year in the U.S. has resulted in a general installation boom, which is prolonged by the planned feed-in tariff (FiT) reduction by the Chinese government also in 2016. The global PV demand is therefore expected to remain strong and generally unaffected by next year’s off-peak season.
China’s National Reform and Development Commission has announced that there will be no significant reduction in feed-in tariff (FiT) rates for the country’s photovoltaic (PV) power plants in 2016. In its report on improving FiT policies for onshore wind and PV electricity, the commission states that the FiT rates for solar energy resource region one will drop by 5.56% next year.
Soaring demand from China, Japan and the U.S. ensures that the first-tier photovoltaic (PV) module manufacturers are booked in orders up to the first quarter of 2016. Currently, prices are rising for all multi-Si products from wafers to cells and modules, with wafers having the largest increase due to news of supply shortages.
Global market research firm TrendForce held its 2016 IT Industry Forecast Conference at Room 101 of the NTUH International Center in Taipei, Taiwan, on October 15, 2015. A team of senior analysts assembled from TrendForce’s major research divisions – TrendForce, DRAMeXchange, WitsView, LEDinside and EnergyTrend – will share their detailed forecasts on trends in major tech industries for 2016.
Policy directives from the Chinese government continue to drive the country’s demand for photovoltaic (PV) systems. China’s National Energy Agency has recently increased the national PV installation target and expects an additional 5.3GW-worth of generation capacity to be in operation by the middle of next year.
