Chinese photovoltaic products saw a growing overseas market in the first half of 2019. The country’s export of photovoltaic products reached $10.61 billion, an increase of 31.7 percent compared with the same period last year. The export volume of battery chips exceeded that of the whole year in 2018.
The European market also showed signs of recovery. Exports of photovoltaic modules from China to major European countries such as the Netherlands, Spain and Ukraine increased significantly.
In the first six months of this year, the country’s production of silicon wafers reached 63 gigawatts, an increase of 26 percent year-on-year. The production of solar cells stood at 51 gigawatts, up 30.8 percent.
Bloomberg New Energy Finance, a research organization that provides insight and news about the energy sector, predicted that the global demand for photovoltaic products is expected to reach 123 gigawatts to 149 gigawatts this year.