Developing Countries Lead Global Solar Power Generation, China is the World's Largest Clean Energy Development Market
2017-12-04

Emerging markets have seen rapid growth in solar power generation


In a comprehensive new study of clean energy in key developing countries, Bloomberg New Energy Finance (BNEF) found that low-cost, technologically innovative new energy devices have enabled new energy sources to be rolled out to society, driving economic growth.



In 2016, 71 emerging market countries surveyed by BNEF installed 34 GW of solar power, as part of its annual Climatescope climate survey, which was released at the BNEF Future Energy Summit in Shanghai.


Climatescope is a detailed quantitative assessment of the state of clean energy markets in South America, Europe, Africa, the Middle East and Asia.


This figure from the survey is higher than 22 GW in 2015 and 3 GW in 2011. The cumulative solar power generation increased by 54% over the same period of last year and more than doubled in three years.


The increase in capacity alone in 2016 will meet the full-year electricity demand of 45 million households in India or all domestic electricity in Peru or Nigeria.


China accounted for the vast majority of its electricity generation, an increase of 27 gigawatts, the largest increase in all countries so far. Of the total 34GW installed capacity, China's new PV capacity accounts for 27GW.


However, the growth momentum in other countries is also very rapid.


India's 4.2 megawatts of capacity, while Brazil, Chile, Jordan, Mexico, Pakistan and nine other countries doubled their PV installed capacity in 2016 or more, and the share of PV in new national power generation installed capacity 19%, up from 10.6% in 2015 and 2% in 2011.


Overall, solar power accounted for 19% of new electricity generation in the countries surveyed by Climatescope last year, up from 10.6% in 2015 and 2% in 2011.


The surge in the number of photovoltaic capacity devices, such as microgrids, ready-to-use batteries or lighting systems, pumps, and even mobile towers.


These developments often involve a wide range of cooperation, investment by venture capital institutions. A common scenario is that startups develop, take the lead, get financing from private sources, and then build partnerships with large companies such as telecoms providers.


Currently, more than 1.5 million households in Africa use solar home systems, compared with 600,000 by the end of 2015.


In Africa's solar market, this business model is no longer niche, this year has completed some large-scale financing.


The combination of solar and smart technologies is also being extended to farms and interoperability centers. For example, the number of solar-powered irrigation pumps in India reached 128,000 in May, up from just 12,000 in April 2014.


Ethan Zindler, Head of Americas for BNEF, said: "The dramatic drop in PV module prices we've seen in the past few years continues to have a profound impact in developing countries."


"It creates a variety of opportunities, from multi-million dollar grid services to better farmland irrigation equipment to smaller facilities connected to the Internet."


Picture: Climatescope surveyed new PV installations in the country


71 countries assessed by Climatescope accounted for 32.5% of global GDP and 72.4% of the global population, including the vast majority of economic activity in all non-OECD countries (total solar power generation in all non-OECD countries in 2016 was 34.6 gigabytes watt).


Based on 43 data indicators and 179 secondary indicators, Bloomberg New Energy Finance scored each country on a 0-5 basis and then ranked.


Despite the surge in solar energy applications, there are still some unsatisfactory findings in the survey.


The average score for these countries declined for the first time since the Climatescope survey was launched 4 years ago.


In last year's survey, the overall sample of countries scored 1.35, falling to an average of 1.19 this year, though this figure is partly due to the new additions to the survey of 13 new countries from Central Asia and Europe, many of them Lower scoring: Lower scoring is due to less clean energy investment and poor progress in policy formulation.


Total non-OECD investment in clean energy dropped from $ 151.6 billion in 2015 to $ 4.02 billion in 2016, reaching $ 114.1 billion.


Three-quarters of the total investment decline was related to the decline in investment in China, but the investment in new clean energy in other non-OECD countries also dropped by a quarter compared with 2015.


In the national policy studied by BNEF, 76% of countries set domestic carbon emissions targets.


However, only two-thirds (67%) of countries have introduced feed-in tariffs or auction mechanisms to support clean energy projects, while only 18% have domestic GHG emission reduction policies.


And these specific policies have proved to be of great importance to the investment promotion and expansion of enterprises in developing countries.


China remains the largest market for clean energy development in the world, but its investment in new assets (projects) decreased by 366 billion U.S. dollars over the same period of previous year. Seven of the top 10 countries scored lower this year than last year. The top 10 countries include Brazil, Jordan, Mexico, India, South Africa, Chile, Kenya, Uruguay and Vietnam.


At the Future Energy Summit of Bloomberg New Energy Finance, Gao Jifan, chairman of China Photovoltaic Industry Association and chairman and chief executive officer of Trina Solar, said that in the face of wave after wave of "oversupply", "decline in gross margin," " Rising costs "and" trade barriers ". The transformation of the manufacturing thinking mode is the key to turning crises into opportunities.


Gao Ji Fan believes that the prospects for home photovoltaic applications in China are vast and the number of domestic rooftops in the suburbs and in rural areas is staggering. In the future, 150 million households are expected to install solar power generation systems, and other industrial and commercial enterprises and institutions will also use solar energy.


The combination of photovoltaic technology and application-side technologies, including energy storage technologies and smart power distribution technologies, and building a one-stop-shop solution that utilizes distributed smart energy and user experience are the most important aspects of energy innovation in the future.


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