Photovoltaic Industry Review |Aisinee

According to the latest data from the National Energy Administration, my country added 72.07 GW of new photovoltaic (PV) installed capacity in the first half of the year, a year-on-year decrease of 66%. On July 23, at a seminar hosted by the my country Photovoltaic Industry Association (CPIA) reviewing the industry's performance in the first half of the year and forecasting the outlook for the second half, reporters observed that attendees showed little anxiety regarding these figures; instead, the phrase "gathering momentum amidst deep adjustment" was frequently voiced.

"The Chinese PV industry is undergoing a deep adjustment this year," stated Wang Bohua, former Secretary-General of the CPIA, noting that the sector is currently in a phase of "gathering momentum amidst deep adjustment and embarking on a new chapter through a rational return to fundamentals."

"The growth narrative of 'scale expansion' that characterized the PV industry in recent years is being replaced by a more rational pace," said Qu Fang, an investment advisor at Wanlian Securities. He noted that during the first half of the year, the PV industry was accumulating strength for the next round of development amidst a profound structural transformation.

As the industry advances toward reducing silver content and boosting the efficiency of photovoltaic cells and modules, leading companies are poised to see a business turnaround in the second half of the year. Driven by a rebound in regulated electricity prices and the deployment of energy storage to alleviate grid integration pressures, domestic demand is expected to return to growth by 2027."Capacity rationalization is ongoing, new technology pathways are continuously evolving, and new application scenarios are constantly expanding; the photovoltaic industry's adjustment period is essentially a process of 'survival of the fittest,'" said Qu Fang. He noted that companies that persist in investing in technology and positioning themselves in new market segments during this downturn are likely to gain a first-mover advantage in the next cycle.

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