Written by Colin Hao
Analysts say that the reforms that remove the guaranteed pricing create uncertainty for new projects, although the additions that take the full year will reach a record level in the second half of 2025, as the reforms that remove the guaranteed pricing create uncertainty for new projects, although the two years will remain the additions in the second half of 2025 Create uncertainty for new projects,
The slowdown in the largest solar fleet in the world is a new blow to solar energy manufacturers, which are already struggling with the enormous extra capacity and vicious price war.
Global solar manufacturers, most of which are in China, have the ability to make more than twice the number of panels that the world will buy this year, according to a discretion from Morningstar.
During June, China added 212 GB of new solar capacity, according to data from the National Energy Administration, more than twice the additions in the first half.
But based on this number, the latest annual expectations of analysts show that capacity additions are likely to start in the second half compared to last year.
Analysts at Natixis 300 GB of Solar New Solar expect for 2025 in a mid -point scenario. This most likely means adding only 88 GB for the rest of the year, based on accounts that conclude the first half -half data.
The Solutions BMI predicts an annual increase of 310 GB, which means getting expected profit of only 98 GB for the rest of the year.
NEA data showed 175 GB of solar energy in the second half of 2024, part of an annual standard increase of 277 GW.
Earlier this year’s energy reforms removed a guaranteed return rate for renewable energy projects, forcing projects that were built from June to sell energy at market prices.
Change creates uncertainty about the rate of return for investors who are accustomed to fixed pricing. In addition to confusion, the micro -market mechanisms can vary between provinces.
For this reason, companies rose their new capacity in the first half of the year, with 93 GB of new additions in May, which decreased to 14 GW in June, NEA data showed.
“All projects were accelerating until they were assigned before the last window, as it mainly guaranteed its revenues,” said Linda Zang, a renewable power analyst at the BMI.
It believes that the annual additions will remain higher “because of the huge range of the first half. But we expect for the rest of the months that the additions may be at a similar rate like June, and it is not very high.”
From 2026, the solar installations are expected to reach about 250 GW a year, said Zang.
(Participated in the reports of Colin Hao; editing Christian Shamoulinger)