JA Solar Technology said at an Aug. 28 results briefing that after a decade of
rapid expansion China PV is likely to enter a period of modest, stable growth
over the next few years and a large surge is unlikely. PV-storage integration
will tighten; AI compute and data-center demand is expected to be the
fastest-growing PV+storage segment over the next five years. UHV transmission
expansion and removal of distributed transformer capacity caps will open new
deployment routes. Overseas markets should remain on a steady growth path while
storage grows faster, driven by energy-security concerns, rapid AIDC expansion,
high power prices in the US and Europe that make PV+storage economics
parity-plus-arbitrage, and European negative prices and curtailment pressures
creating firm storage demand.
