China's installed capacity of solar power has reached over 470GW in the first half of 2023, according to statistics from the country's national energy administration.
New PV instalments for the first two months of 2023 in China reached 20.37GW, up 87.6% from the same period last year when it reached 10.86GW between January and February 2022, according to China's National Energy Administration's latest data.
Solar investments in China reached RMB29 billion (US$4.4 billion) in the first four months of the year, according to the country's National Energy Administration (NEA).
The US and China will account for a combined 57% of total forecasted solar capacity additions through 2030, with the countries adding 151.3GW and 436.9GW of solar capacity, respectively. Both countries have risks to this development, however, with the US needing to overcome trade and tariff problems, while China needs to ensure the reliability of PV production
China’s power planning agency the National Energy Administration (NEA) has demanded regularly monthly updates on new renewable energy projects from utility companies in the country
China’s government has signalled it will aim to deploy enough solar and wind power generation this year to make up 11% of the country’s total power mix, according to its power planning agency the National Energy Administration (NEA).
