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Beyond wind power, photovoltaics break the cocoon and become a butterfly

At the same time, at the national level, relevant departments have also positioned wind power and photovoltaics as the core of renewable energy power, becoming an important component, and even the main force, to replace coal-fired power generation in the future.

Wind power and photovoltaics have one thing in common, that is, wind energy and solar energy are inexhaustible. Wind farms and photovoltaic power plants do not need to pay high fuel costs, and they are all zero-emission green electricity.

For a long time, wind power has been pressing photovoltaic to occupy the leading position of renewable energy wind power in my country, but after entering the 14th Five-Year Plan, the momentum of photovoltaic surpassing wind power has been unstoppable.

The gap in installed capacity narrows

During the 13th Five-Year Plan period, the cumulative installed capacity of wind power was 281 million kilowatts, and the cumulative installed capacity of photovoltaic power was 253 million kilowatts. The difference between the two is 28 million kilowatts, which is almost twice that of biomass power generation.

As of the end of August 2021, the cumulative installed capacity of wind power was 295 million kilowatts, and the cumulative installed capacity of photovoltaic power was 275 million kilowatts. The difference between the two is 20 million kilowatts. In 8 months, PV installed 8 million kilowatts more than wind power.

According to the current investment and construction of new photovoltaic projects, photovoltaics will have nearly 15 million kilowatts more installed than wind power in 2021, and the gap between the two will be quickly narrowed.

Obviously, the growth rate of photovoltaic installed capacity has surpassed that of wind power. If nothing happens, during the 14th Five-Year Plan period, the installed capacity of photovoltaics will surpass wind power and become the leader in renewable energy power generation.

Why photovoltaics surpass wind power

In 2021, the prices of various raw materials have risen, and the prices of photovoltaic modules have almost gone crazy, and the supply is in short supply. This shows the momentum of investment in photovoltaic projects and the great potential of the industry.

At the same time, the price of wind turbines has dropped abnormally, and the winning bid price has repeatedly hit new lows. The price of wind turbines is abnormal, highlighting the lack of investment in wind power projects, and the market potential has been exhausted.

Compared with photovoltaics, wind power investment is larger, occupies more land resources, and has a longer payback period. These factors directly affect the investment enthusiasm of capital institutions.

On the contrary, photovoltaic investment is more flexible. Centralized ground power stations can be built, and distributed photovoltaic on the roof can be used up to the mountains and down to the sea. As long as the sun shines, you can basically invest in photovoltaic panels.

Photovoltaic has become China's world name card

Although my country's wind power and photovoltaic installed capacity and power generation capacity rank first in the world, photovoltaics are more dominant for China, and their impact on overseas competitors is almost crushing.

China's investment in photovoltaic technology research and development is the world's first, and many technologies are at the leading level in the world. The localization of the entire industry chain has been fully realized, the core technology is independently controllable, and a global scale advantage has been formed.

On the contrary, the core technology of wind power in my country still has a big gap compared with foreign countries. Due to the lack of investment in the project-side market, low-price competition has affected the R&D and equipment quality of wind turbines.

my country's photovoltaic industry occupies more than 90% of the world's share. Just like high-speed rail, UHV, 5G, and quantum technology in China, photovoltaics have become the focus of the world's understanding of China, and it has become a butterfly!

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