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Overseas PV market is now showing signs of recovery

"The latest statistics show that the export scale of my country's photovoltaic modules reached 5.46GW in April, a decrease of 4.35% year-on-year and a decrease of 27.1% month-on-month." Recently, Zhuang Yinghong, Global Marketing Director of Dongfang Risheng, told reporters that this decline was much better than market expectations.

The overseas market is an important factor affecting the development of my country's photovoltaic industry. Under the influence of the new coronary pneumonia epidemic, many countries around the world issued a "blockade order", the export of photovoltaic products is restricted, and the uncertainty of overseas market demand has increased. To this end, since April, many domestic and foreign industry analysis organizations including Wood Mackenzie have lowered the predicted value of the newly installed photovoltaic capacity in 2020.

However, earlier than market expectations, the photovoltaic overseas market is slowly recovering.

Energy Trend believes that the demand in the overseas photovoltaic market is gradually emerging, and showing a trend of demand differentiation. Europe and the United States have loosened the development of photovoltaic projects on policies and relaxed restrictions. So far, over 30 states in the United States have lifted economic activity restrictions. The bidding for photovoltaic projects postponed in many places in Europe has been put on the agenda again, and the construction of photovoltaic projects and orders for photovoltaic products are expected to restart quickly.

In contrast, countries such as India and Brazil have prolonged the "blockade" policy many times, which has led to a slowdown in the recovery of the local photovoltaic market. On May 30, the Indian Ministry of the Interior announced that it would extend the national blockade measures under implementation for another month, until June 30. Although the Indian PV market demand is still there, it is uncertain when it will appear.

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