In the first 10 months of this year, the country added 142.5 GW of new PV systems, with 13.62 GW deployed in October alone. New solar power installations hit 78.42 GW in China at the end of June. State Power Investment Corp. (SPIC) has kicked off the construction of a 1,000 MW ground-mounted solar farm in Hotan, in China's Xinjiang region.
China can now make more solar power than the rest of the world. Data released by China’s National Agency last week revealed that the country’s solar electric power generation capacity grew by a staggering 55.2 percent in 2023. The numbers highlight over 216 gigawatts (GW) of solar power China built during the year.
The 216.9 gigawatts of solar power the country added shattered its previous record of 87.4 gigawatts from 2022. Not only does this achievement solidify China’s position as a renewable energy powerhouse but also eclipses the entire solar fleet of the United States, the world’s second-largest solar market, according to Bloomberg.
Based in Shanghai, he covers the latest market developments, company news, and industry trends in Greater China. China’s National Energy Administration (NEA) says the nation installed 142.5 GW of solar in the first 10 months of this year, bringing it to nearly 540 GW of cumulative installed PV capacity by the end of October.
Wind and solar now account for 37% of the total power capacity in the country, an 8% increase from 2022, and widely expected to surpass coal capacity, which is 39% of the total right now, in 2024. Cumulative annual utility-scale solar & wind power capacity in China, in gigawatts (GW)
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Item 1 of 2 People walk past the solar panels at a wind and solar power site of State Grid Corporation of China, in Zhangjiakou of Hebei province, China, March 18, 2016.
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