In the next five years is expected to be installed 355 gigawatts of new solar energy in Asia

In recent years, the solar energy deployment has experienced great growth in Asia, especially in China, the key markets such as India and Japan. Wood Mackenzie Power&Renewables analysts forecast, compared with 2017, the solar energy demand will decline by 18% this year, new power capacity for 59 gigawatts (gw).

the contraction of the region is mainly due to China at the end of may change policy, leading to the world's largest solar market install decreased 30%.

cost reduction due to module supply exceeds demand, China's solar unprecedented growth, more than 105 gw by 2020. This year the government has to 10 gigawatts of distributed generation capacity to implement the quota restrictions, reduced the level of FIT, and turned to a tender for solar electricity. Even so, China is expected to become the biggest solar market over the next five years.

the Japanese market is also slowing. A high initial FIT 80 gigawatts of solar capacity caused by the development plan. However, due to the module prices continue to fall, the developer is said to have lower profit margins in the high cost of environment, therefore postponed the grid schedule, taking advantage of cost savings. In return, the Japanese government has on the development plan, only allow you to have good business plan of the project, and can be realized in three years. Therefore, development plan has fallen to 50 gw.

the Japanese are also FIT to be more than 2 mw project plans to auction mechanism. It is reported that two recent bidding because the license system and the connection time limit and did not get a subscription, all bids were higher than upper limit of the second tender price 0. $14 per kilowatt-hour.

in India, the government issued this year big news about installing 100 gw photovoltaic power generation. Although current estimates indicate that the number could not be achieved by 2022, but the country's solar energy growth is still very significant.

the government has made on imports from China and Malaysia module impose a 25% tax, developers worried that they cannot pursue development plan at the same speed.

　　“ We see the main trend is to phase out subsidies and transition to a tender, unstable, resulting in the region demand & throughout; Wood Mackenzie solar analyst Rishab Shrestha said, & other; Having said that, in the asia-pacific region in the next five years will still new solar capacity 355 gw, partly because of the global pv capital costs down. ”

in this case, analysts estimate that by 2023, the average cost of electricity ( LCOE) Will drop by 25%, down to about $5 / mw. It is expected to trigger between solar energy and electricity based on fossil fuels more fierce competition, promote Asian demand from emerging markets, Taiwan and Vietnam and other has a generous FIT system market will see the growth of solar energy.