Solar in China has become too big to fail
So impressive has the growth in the clean-power industries been, though, that bits of the front-running solar industry have expanded beyond even
China's PV installations therefore remain robust, with added capacity forecast at 310 GW for 2025 – half of expected global solar installations. Wind is not as influenced by the new policy as solar and storage, due to longer lead times.
Equipment procurement costs for solar and energy storage will jump around 9% starting in Q4 2025, marking the end of the bargain pricing developers have enjoyed for the last 18 months. That's because China is changing the rules. Wood Mackenzie points to three major drivers behind the coming spike: Polysilicon consolidation.
Solar and storage prices are about to rise after a year and a half of record lows, according to new data from Wood Mackenzie. Equipment procurement costs for solar and energy storage will jump around 9% starting in Q4 2025, marking the end of the bargain pricing developers have enjoyed for the last 18 months.
The rapid growth of renewables in important markets such as south-east Asia and India could start to redefine the sector. China can help itself, somewhat. As the world's largest consumer of solar panels, it has been ramping up installation plans through new large-scale projects in the region.
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