The digital world and energy world will form deeply integrated development in future under the trend of low carbonization, electrification, digitalization and intelligence. China’s energy industry enters into the new era of digital energy. To discuss development characteristics of China’s photovoltaic industry, influencing factors of China’s photovoltaic industrial development were analysed by using the multiple linear regression (MLR) method based on data about China’s photovoltaic industry from 2013 to 2022. Results show that, except for the installed power generation capacity, conversion efficiency of photovoltaic enterprises, investment amount to photovoltaic industry, employment quantity of photovoltaic industry, solar module output and photovoltaic power generation capacity – all have positive effects on photovoltaic industrial output. Specifically, conversion efficiency of photovoltaic enterprises and investment amount to photovoltaic industry are the most critical influencing factors with a coefficient of 1062.32 and 225.51, respectively. On this basis, some development countermeasures were proposed for China’s photovoltaic industrial development from perspectives of policies, technologies and talents. Research conclusions provide some references to China’s photovoltaic industrial development in the digital economic era.
1. Naizhu, P., Yongheng, Z., Yintao, M. China’s policy analysis and perfection strategy of photovoltaic industry // Science and Technology Management Research, 2016, Vol. 36, # 7, pp. 150–153.
2. Dongdong, L., Benhai, G., Wei, C., et al. Research on policy optimization path for china’s photovoltaic industry based on multi-cooperation game // Scientific Management Research, 2017, Vol. 37, # 3, pp. 56–62.
3. Yunpeng, Z. Research on photovoltaic industrial development in the background of “carbon emission peak and carbon neutrality” // Energy Saving and Environmental Protection, 2022, Vol. 341, # 12, pp. 30–31.
4. Quitzow, R. Dynamics of a policy-driven market: The co-evolution of technological innovation systems for solar photovoltaics in China and Germany // Environmental Innovation and Societal Transitions, 2015, Vol. 17, pp. 126–148.
5. Rodrigues, E. M. G., Godina, R., Santos, S. F., Bizuayehu, A. W., Contreras, J., Catalao, J. P.. Energy storage systems supporting increased penetration of renewables in islanded systems // Energy, 2014, Vol. 75, pp. 265–280.
6. Urban, F., Geall, S., Wang, Y. Solar PV and solar water heaters in China: Different pathways to low carbon energy // Renewable and Sustainable Energy Reviews, 2016, Vol. 64, pp. 531–542.
7. Fang, Z., Gallagher, K.S. Innovation and technology transfer through global value chains: Evidence from China’s PV industry // Energy Policy, 2016, Vol. 94, pp. 191–203.
8. Qi, Z., Ningbin, W., Xiaojie, C. Research on investment estimation model of photovoltaic energy project in the background of “carbon neutrality”: Investment analysis based on SMX distributed photovoltaic project // China’s Collective Economy, 2023, Vol. 742, # 14, pp. 24–27.
9. Chao, W., Huizhi, T., Zihao, Z. Household photovoltaic business and risk control from the perspective of lease finance company: A case study based on H lease finance company // Green Finance and Accounting, 2023, Vol. 429, # 3, pp. 43–46.
10. Junqiang, G. Discussion on enterprise financing innovation path based on green finance concept: A case study based on operation enterprises of distributed photovoltaic stations // Enterprise Reform and Management, 2022, Vol. 436, # 23, pp. 118–120.
11. Hongwei, W., Xueting, Z., Ping, L. Effects of government subsidies on innovation of photovoltaic industrial innovation // Economic Management, 2022, Vol. 44, # 2, pp. 57–72.
12. Photovoltaic Branch of China Chamber of Commerce for Import and Export of Mechanical and Electrical Products. Export trade and trend judgment of China’s photovoltaic industry // Foreign Investment in China, 2023, Vol. 526, # 7, pp. 62–65.
13. De La Tour, A., Glachant, M., Ménière, Y. Innovation and international technology transfer: The case of the Chinese photovoltaic industry // Energy Policy, 2011, Vol. 39, # 2, pp. 761–770.
14. Wei, X. The “big era” of photovoltaic under “carbon emission peak and carbon neutrality” // China Economic Weekly, 2022, Vol. 842, # 22, pp. 40–47.
15. Yuetao, X., Xinfeng, W., Shunli, J., et al. Advantages and challenges for Chinese new energy enterprises to participate in international competitiveness // China Energy, 2022, Vol. 44, # 10, pp. 5–10.
16. Ping, H., Negro, S. O., Hekkert, M. P., et al. How China became a leader in solar PV: An innovation system analysis // Renewable & Sustainable Energy Reviews, 2016, Vol. 64, pp. 777–789.
17. Chunli, B., Xuan, He. Characteristic analysis and policy suggestions to China’s photovoltaic industry based on the perspective of capital market // China Energy, 2022, Vol. 44, #5, pp. 33–39.
18. Xu, J. Effects of trade conflicts on China’s photovoltaic industrial development // Price Monthly, 2016, Vol. 473, # 10, pp. 58–61.
19. Yi, T., Ling, T., Mohan, Q., Jinpeng, L. Analysis of driving factors of photovoltaic power generation efficiency: a case study in China // Energies, 2019, Vol. 12, # 3, pp. 355.
20. Yulin, C., Yiyi, D, Weihao, F., et al. Research on enterprise efficiency and high-quality development path of China’s photovoltaic industrial chain nodes // Economics, 2020, Vol. 3, # 5, pp. 21–23.
21. Davino, C., Gherghi, M., Sorana, S. and Vistocco, D. Measuring social vulnerability in an urban space through multivariate methods and models // Social Indicators Research, 2021, Vol. 157, # 3, pp. 1179–1201.

• Previous article
• Next article

• photovoltaic industry
• influencing factors
• China