CITIC Construction Investment: Terminal Demand for PV may Reach 130GW

The China Securities Research Report pointed out that the National Energy Administration recently released data on newly installed photovoltaic capacity across the country from January to February. From January to February, the cumulative new installed capacity reached 20.37GW, a year-on-year increase of 87.6%.  We judge that the demand in 2023 is expected to be strong and annual terminal demand is expected to reach more than 130GW.