Wang Sicheng: Photovoltaic overcapacity is only temporary

Wang Sicheng: Photovoltaic overcapacity is only temporary

On April 9, Wang Sicheng, a researcher at the Energy Research Institute of the National Development and Reform Commission, said that by 2050, the global installed photovoltaic power will reach 3000 GW, and the average annual installed capacity will be 100 GW in accordance with the 30-year development period. Photovoltaic overcapacity is temporary and far from enough after five years.

He made the above statement at the seminar on "Distributed Photovoltaic Power Generation Policy, Technology and Dynamic Hotspot Analysis" organized by the Renewable Energy Society today. This view is based on the predictions of "RE Thinking 2050", "Renewable Electricity Future Study" and "EUMENA ​​Plan".

Among them, the European Renewable Energy Commission released the “RE Thinking 2050” in April 2010, proposing that by 2050, 100% of European energy supply will come from renewable energy sources. By 2050, the total installed capacity of electricity in Europe will reach 195 GW, of which PV installed capacity will reach 962 GW, accounting for 49.2% of the total installed capacity in Europe.

The United States Department of Energy’s National Renewable Energy Laboratory released the “Renewable Electricity Future Study” in June 2012. It is proposed that by 2050, 80% of the U.S. electricity supply will come from renewable energy sources, of which the total photovoltaic installed capacity will reach 300GW, accounting for the total electricity. 27% of installed capacity.

The EUMENA ​​Plan is a renewable energy development plan for Europe, the Middle East and North Africa. The focus of this plan is to use the desert solar energy in North Africa and the Middle East to solve the problems of power generation and desalination through solar thermal and wind energy technologies. To meet the power and fresh water supply in North Africa and the Middle East, and to send electricity to Europe through long-distance HVDC transmission technology. The plan can address 33% of the electricity demand in the region in 2050.

Wang Sicheng also pointed out that by 2020, China’s cumulative installed PV capacity will reach 100 GW, reach 300 GW in 2030, and reach 1,000 GW in 2050.

According to the "Hong Kong Economic Times"'s media reports, Buffett's China-US Energy Holding Company intends to acquire Suntech Power. As a result of this news, Suntech stocks soared, which once reached 28%, leading Chinese PV manufacturers to rise collectively in New York.

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