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Home > News > Industry News > South Korea's PV market is eag.....


South Korea's PV market is eager to move in 2019

  • Source:the Internet
  • Release on:2019-01-10
In 2019, many market analysts said that the Korean PV market will be the highlight.

Why do you say that?

This is about to start with a renewable energy plan introduced by South Korea.

The time machine returned to December 2017, the South Korean authorities launched a renewable energy plan, the time point of this plan is 2030, through this energy plan to increase the proportion of renewable energy from 7% in 2017 to 2030 20% of the year, the possible percentage may be very abstract for everyone, we use a set of data to show.

Before the introduction of the 2017 policy, the country's total installed capacity of renewable energy was 15.1 GW, and by 2030 it will reach 63.8 GW, with an investment of 110 trillion won (670 billion yuan), of which 63% is photovoltaic and 34% is wind power. At that time, it was necessary to achieve more than 30.8 GW of solar energy in 13 years, and the annual increase was around 2.5 GW. This data is still quite impressive.

In the past few days, when the author and friends talked about the increase in the Korean market, friends disdain this because it is incomparable to the increase in China, and the annual increase in poverty alleviation exceeds 4GW. In fact, looking at the market's room for growth, we can't bring colored glasses, and we must analyze the market more objectively. The national conditions and volume of each country are different, so some things cannot be said in the same breath.

In fact, when it comes to the photovoltaic market, if the market is to have a smooth transition, it is inseparable from the bright spot. First, the government supports it. Second, it is the subsidy of the previous period. This is the case in China and the same in Korea.

Looking back at the Korean PV market, it is also in the subsidy reduction and reduction. In 2011, subsidies were terminated and the market fell instantly. In 2012, the RPS program began, and the photovoltaic installation in Korea once again made a leap. In 2016, the cumulative installed capacity of photovoltaics in Korea was 4.502GW, and the installed capacity in 2017 was 1.121GW. In 2018, the author has no detailed data here, but the market increase is about 2GW. Although the data is not dazzling, but in the promotion process of the Korean market, the author saw the potential stock market in Korea: small household market, small family photovoltaic + Energy storage and industrial and commercial energy storage encouraged by RPS programs and green certificates.

Why do you say that?

The author thinks so. In the past, the photovoltaic market in Korea was dominated by industrial and commercial and surface power plants. The projects of this kind of segmentation have been consumed in the past few years. Under the encouragement of RPS and green card, industrial and commercial storage has gradually become trend. In addition, the maturity of the home PV system under the decline of the market and the cost of equipment highlights the explosiveness of the late market, which is very similar to China, and grows very fast with the support of favorable policies.

It is also worth mentioning that the household energy storage market, because there is no shortage of advantageous battery brands in Korea, and the relatively high income level of local people, when the home photovoltaic system market comes, it will stimulate the interest of starting home photovoltaic and energy storage systems. This is not the same as China. Friends who want to lay out the Korean market in 2019 can plan ahead.

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Disclaimer: The content is partly from the internet.In order to pass on more information, this does not mean agreeing to its views or confirming its description.Article content is for reference only.