China's solar energy resources are very rich, with theoretical reserves of 1.70 billion tons of standard coal per year. The potential for the development and utilization of solar energy resources is very broad. China's photovoltaic power generation industry started in the 1970s and entered a period of steady development in the mid-1990s. The output of solar cells and components has steadily increased year by year. After more than 30 years of hard work, it has ushered in a new stage of rapid development. Under the strong leadership of the “Guangming Project†pilot project and the “Power Transmission to Township†project and the world PV market, China's photovoltaic power generation industry has developed rapidly.
In 2007, China's photovoltaic cell production surpassed Germany and Japan for the first time, ranking first in the world. Production in 2008 continued to increase, reaching 2 million kilowatts. In the past five years, the annual growth rate of China's photovoltaic cell production has been 1-3 times, and the proportion of photovoltaic cell production to global production has also increased from 1.07% in 2002 to nearly 15% in 2008. The efficiency of commercial crystalline silicon solar cells has also increased from 13%-14% three years ago to 16%-17%.
The financial crisis triggered by the US subprime mortgage problem spread rapidly from Wall Street to the world, causing some financial institutions to collapse, the securities market continued to slump, and oil prices fell sharply. China's photovoltaic power generation industry has developed rapidly in recent years, and it has become the world sun valley where the government attaches importance to the stock market, the stock market is active, and the VCs are favored by all walks of life. Due to the three-headed equipment, raw materials and market, it has great dependence on international markets such as the United States, Europe and Japan.
With the financial crisis, especially the sharp drop in international oil prices, it has a major impact on China's photovoltaic power generation investment funds, export orders, etc., but the huge impact of the financial crisis on the photovoltaic industry will certainly be digested at some time in the future. . In the long run, the policy driving force of the world PV market still exists, and the market growth of the photovoltaic industry is still strong.
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