In 2020, the newly installed photovoltaic capacity and the cumulative installed capacity exceeded the sum of the 2th and 3th.

        Recently, the International Energy Agency (IEA) released the 2020 Global Photovoltaic Report, which carried out detailed statistics and analysis on the global photovoltaic development in the past year.

        The report shows that in 2020, almost the global photovoltaic market has seen a significant increase. Especially in the Chinese market, growth alone has surpassed the newly installed capacity of most countries.

        According to IEA data, China’s newly installed photovoltaic capacity ranks first in the world in 2020, surpassing the total newly installed capacity of the entire European Union. Although the United States has also set a new record, reaching 19.2GW, its gap with China is still very obvious. Even with the new installed capacity of the EU, it is not as good as China. In other words, the sum of the second and third places is not as good as the first.

        In other countries, with policy support, Vietnam’s new installed capacity in 2020 has increased to 11.1GW in an instant, becoming another country with a new installed capacity exceeding 10GW. However, because the local power system cannot withstand the impact of large-scale photovoltaic grid connection, the local government has considered restricting photovoltaic development, and it is expected that there will be a certain degree of decline in 2021.

        The performance of the Japanese and German markets has always been very stable, with the former adding 8.2 GW and the latter 4.9 GW.

India, once the third largest photovoltaic market, suffered a big blow in 2020, from 7.346GW to 4.4GW, which is the country with the largest decline in the top ten.

        But even so, India’s performance has exceeded the expectations of many research institutions. Previously, many research institutions stated that India’s new installed capacity in 2020 will be less than 4GW. Under the continuing influence of the COVID-19 epidemic and the local government’s desire to restrict Chinese photovoltaic companies, it may take a long time to recover.

        Australia and South Korea are countries that have vigorously developed the photovoltaic industry in recent years, and the newly installed capacity in 2020 has reached 4.1GW. Brazil and the Netherlands are emerging photovoltaic countries, which have achieved substantial growth with policy support.

        In the cumulative installed capacity rankings, China has also demonstrated an absolute advantage, having reached 253.4GW, which also surpassed the sum of the second and third places. The United States ranks second with 93.2GW of installed capacity, and is expected to exceed the 100GW mark in 2021, becoming another country with a cumulative installed capacity of over 100GW.

        Japan and Germany, the established photovoltaic powerhouses, have occasionally been surpassed by “burst-out” countries such as India and Vietnam in recent years, but with their steady performance, they still rank among the top five in the world. Although the development of photovoltaics in Italy and the United Kingdom is very early, they have obviously been unable to keep up with other emerging countries during the rapid development of photovoltaics in recent years. Vietnam and South Korea are representative of emerging countries.

        In the IEA report, although the photovoltaic companies of various countries are not involved, the new and cumulative installed capacity can also reflect the strength of China’s photovoltaics from the side.