China, Europe and the United States all have relevant policies to support the photovoltaic industry

Global photovoltaic industry status, policies and industrial chain profit disassembly. Abundant solar energy resources, photovoltaic development potential; In theory, solar energy could cover the world's total energy consumption. (With a 23 percent photovoltaic efficiency and 70 percent annual sunshine, ideally, about 440,000 square kilometers (roughly the area of Spain) of solar panels would cover the world's total energy consumption in 2021.) In 2021, the new photovoltaic installed capacity in Europe, China and the United States was 54.88/25.8/23.6GW. The cumulative installed wind capacity reached 306/164/122GW. The long-term cost reduction trend of photovoltaic remains unchanged, and the cost has fallen by more than 80% in the past decade. At present, the photovoltaic level calibration cost in Europe, China and the United States has been lower than the cost of traditional fossil energy power generation.

China, Europe and the United States all have relevant policies to support the photovoltaic industry.

In terms of investment intensity (proportion of new energy investment to GDP), China > Europe > In the United States, the average investment ratio of the prenatal period is 0.6%/0.35%/0.25%, respectively.

From the perspective of policy support, based on the dual carbon goal and energy transition, China firmly supports the photovoltaic industry. Based on environmentalism and high dependence on fossil energy, the new energy transformation is the best way for Europe to avoid being hampered by external constraints. The overall investment in the United States remains high, but the internal differentiation is more serious; The attitudes of Democratic states and Republican states towards the new energy industry are relatively different, the development of the photovoltaic industry is relatively volatile, and the long-term sustainability needs to be verified.