Investor Presentaiton
Robust global solar demand - the solar train is
going faster now
Solar
Jinko
Building Your Trust in Solar
Policy support from major economies underpins strong future demand
Sep 2020
President Xi Jinping announced
new emissions goals on the 75th
United Nations General
Assembly
China targets to reach carbon
emissions peak before 2030
and to achieve carbon
neutrality before 2060
Oct 2020
The Communist Party of China
released its proposal for formulating
China's 14th Five-Year Plan (2021-
2025)
Renewable energy listed among
the strategic emerging industries
for the next five years
Green and low-carbon economic
development reiterated.
Infrastructure for renewable
energy to be further improved
Global solar demand 2020-2023 (1)
(GW)
r
We remain optimistic about global
installation levels in 2021
New installation in China is expected |
to reach 55-65 GW in 2021, and to
reach 70-90 GW during the "14th Five-
Year Plan" period annually
210
192
185
140
Dec 2020
The EU's 27 member agreed to raise the
carbon reduction targets from 40 % to 55%
by 2030
According to 2030 Climate Target Plan,
the carbon reduction target will increase
to 80-95 % by 2050
Nov 2020
Joe Biden declared the winner in the
59th presidential election. Biden's
platform involves major commitments
to climate change, including
■ To spend a massive US$2 trillion
over 4 years to promote carbon
neutral by 2050
To expand and/or extend federal
tax credits for clean energy
To entirely decarbonize the US
carbon sector by 2035
2020A
2021E
2022E
2023E
I
Many countries have laid out
stronger solar deployment plans. I
Stronger global solar build is
I expected in the next few years |
Source: Bloomberg New Energy Finance ("BNEF") and broker reports.
Notes:
(1)
(2)
As per the average of optimistic and conservative forecasts from Q1 2021 Global PV Market Outlook by BNEF.
According 2020 PV Industry Development and "14th Five-Year Plan" Prospects by CPIA
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