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Japanese agents which good photovoltaic (pv) in the first three seasons of installed below the peak in the fourth quarter is expected to meet demand

A photovoltaic new power, in the first three quarters of 15. 99 gw

according to data released by the national energy bureau news conference, photovoltaic new power 15 2019 years ago in the third quarter. 99 gw, including photovoltaic power station 7. 73 gigawatts (gw), distributed photovoltaic (pv) 8. 26GW。 The implied in the third quarter, new power single quarter 4. Itu in 69 gw of new power data and preliminary data released by the close, is slightly lower than expected in early.

in the third quarter of installed mainly distributed photovoltaic, households with distributed into the biggest bright spot. In the third quarter of 2019 new domestic pv installed 4. 59 gigawatts (gw), solar portal, including distributed photovoltaic (pv) 3. 68GW( Accounted for 80. 17%) Only 0, the ground station. 91GW( Of 19. 83%) For the most part, solar web, distributed photovoltaic accounted for. Among them, the door with a distributed photovoltaic contribution to the larger increment, the third quarter of the new distributed photovoltaic (pv) 2. 067 gigawatts (gw), 45 of all installed. 03%. In distributed photovoltaic faster-growing main causes include the initial investment costs have fallen sharply ( 6 - 7 yuan/W down to 3. 5 - 4 yuan/W) Ascension, financial support ( Is given priority to with local Banks, some can do zero down payment) And based on subsidies to downgrade the expected load effect.

lower ground installations ( In the third quarter fell 79. 41%) Is a major cause of installed capacity lower than expected. In the first half of 2019 at the new formulation stage, form the parity of new demand in 2019 subjects and bidding project list in May 2019, announced in July, because of the policy issued late, main ground project in the third quarter at the preparation stage, basic failed to form effective grid installed.

2, in the fourth quarter will demand peak

is expected to put into production time according to the declaration, solar portal, parity in the project is expected to have 4. 75 gw in 2019 before the end of the grid. We combed the 22, 2019. 79 gw of bidding project, solar portal, including investment subject for the state-owned enterprises, state-owned enterprises and large corporation project more than 11 gw, and after 10 gw of hui photovoltaic forecast has coincided basically with the bidding of construction project, this part of the project will be installed in the fourth quarter. Add in overseas markets in the fourth quarter is also busy season, therefore in the fourth quarter will demand peak, the industrial chain of supply and demand will be improved significantly. The recent silicon material, the PERC cell prices stop falling rebound and pure silicon prices remain unchanged also preliminary reflects the demand of ascension. Plus pv poverty alleviation, inventory demonstration projects, uhv projects, photovoltaic (pv) grid, in the fourth quarter of the domestic more than 15 gw of new power, new outfit 30 - all the year round 35GW。

3, in the first half of 2020, there are still demand deferred

part of the bidding project, the first half of 2020 need not pessimistic. Due to the bidding project requirements in grid at the end of 2019, for each quarter of subsidies to reduce delay 0. 01 yuan/kWh ( Delayed more than two quarters subsidies) Poor, so the remaining 11 gw subject qualification of bidding projects in some larger probability will be extended to the first half of 2020 to complete. Preliminary development mature, household photovoltaic market has to be at the end of the year or early 2020 policy clear after rob will continue, will be completed in the first half of 2020, most of the installed ( With pv report monthly, annual total amount control) 。 Plus plan in 2020 combined 1 before 630. 5 gw project leader reward index, stock of demonstration projects, uhv project, etc. , in the first half of 2020 domestic demand is not pessimistic. Overseas markets, historically generally is the peak time for the whole year in the first quarter, and the endogenous demand of parity online also continues.

4, investment advice,

recommended each industry leading: longji stake, central stake, tong wei shares, Mr.

risk warning. Bidding project progress than expected, product prices fell more than expected.

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