The photovoltaic industry has broad prospects, but also faces numerous challenges
"In the first seven months of this year, the new installed capacity of photovoltaic power has exceeded the total installed capacity of last year. Under strong market demand, the forecast for new installed capacity of photovoltaic power in China in 2023 has been raised from 95-120GW to 120-140GW." Wang Bohua, Honorary Chairman of the China Photovoltaic Industry Association, recently stated at the "Photovoltaic (Energy Storage) Industry Supply and Demand Forum" jointly organized by the Chuzhou Municipal People's Government and the China Photovoltaic Industry Association, "China's photovoltaic industry has entered a fast lane of development."
Cao Renxian, Chairman of China Photovoltaic Industry Association and Chairman of Sunshine Power, stated that Chinese companies are increasing their overseas production capacity layout and it is necessary to be vigilant about overcapacity. The scale of the photovoltaic industry has always been in a relatively surplus state of dynamic equilibrium, which can better lay the groundwork for future industry demand, but it is necessary to avoid blind expansion and disorderly competition. "Overexpansion of production capacity or large-scale replication of low-end products without sufficient market research and self-assessment can lead to a new round of industry fluctuations."