Industry insiders told reporters that the collective surge in the photovoltaic sector includes both short-term incentives for photovoltaic glass prices to hit new highs during long holidays, as well as mid-term incentives for the industry to enter the peak season of the fourth quarter, and the "14th Five-Year Plan" to increase the proportion of renewable energy. The long-term background of raising the height of the carbon reduction strategy.

The price of photovoltaic glass rises to the highest in history

Photovoltaic glass in the fine molecular industry took the lead in sounding the clarion call for a surge in the photovoltaic sector. The reporter learned from the industry that during the long holiday just past, the price of photovoltaic glass continued its previous upward trend, rising to 40 yuan per square meter, a record high.

The latest data released by PVInfoLink, an industry organization, shows that in the past week, the average price of 3.2mm coated photovoltaic glass was 37 yuan/square meter, and the highest price was 40 yuan/square meter, a weekly increase of 5.7%; the average price of 2.0mm coated photovoltaic glass was 28 Yuan/square meter, the highest is 29 yuan/square meter. Since August, the price of photovoltaic glass has risen by more than 50% and has now risen to the highest level in history. The agency predicts that the price of photovoltaic glass will continue to rise by more than 3% next week.

Many purchasers reported that they had received notices of price increases from glass companies, and some of them did offer 40 yuan per square meter.

On the other hand, the substantial increase in market demand is also the driving force for glass prices. With the increase in global demand for renewable energy, the demand for photovoltaic modules is also growing rapidly. In addition to the increase in the application ratio of double-sided double glass modules this year, the capacity of ultra-white glass used for photovoltaic modules cannot meet the demand, which has become an important constraint on the output of photovoltaic modules factor.

The fourth-quarter peak season is approaching

Another reason for the surge in the photovoltaic sector is that the industry expects the fourth quarter to usher in the peak installation season.

The latest report of AECEA, the Asia-Europe Clean Energy Consultancy Agency, shows that the subsidy program has promoted the development of the domestic household solar field, which is expected to have an installed capacity of 6 to 7 GW this year. Large-scale projects are subject to a more complex dynamic business environment. If demand is strong, the price of the photovoltaic industry chain is likely to remain high. The agency raised its full-year forecast to 28 to 34 GW (previously 23 to 31 GW). One consideration for raising expectations is historical data-solar installed capacity in the fourth quarter of 2019 was 14 GW.

Wang Bohua, secretary-general of the China Photovoltaic Industry Association, said that although many international analysis institutions have lowered their market expectations for new global photovoltaic installations in 2020 due to the epidemic, Chinese photovoltaic companies have maintained a relatively stable development trend with strong resilience. It is expected that, driven by policies, the domestic market is expected to usher in a climax of installed capacity in the fourth quarter of this year, and the global photovoltaic market demand will also improve.

SOLARZOOM new energy think tank analysis shows that there are two reasons for the improvement in demand in the fourth quarter of this year: First, the 2020 bidding projects will be concentrated in the fourth quarter. Although the price of components has risen due to the influence of the supply side, there will still be a large number of bidding project owners who will choose to complete the grid connection in the fourth quarter of this year. Second, high-end markets such as the United States, Japan, and Europe are less sensitive to rising photovoltaic module prices, but to a certain extent benefit from loose liquidity. Therefore, the demand for the overseas high-end market is worth looking forward to in the fourth quarter.

A researcher from Soochow Electric predicts that due to the impact of rush installation, domestic installed capacity in a single quarter is expected to reach about 20 GW in the fourth quarter, or ahead of the total installed capacity of the third quarter.