The NEA said that China installed 102.48 GW of new solar capacity in the first half of 2024. By the end of June, the country's total solar capacity reached approximately 710 GW, up 51.6% year on year.
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And despite all the turmoil, the Chinese solar industry has the manufacturing capacity to meet the demand. Discover all statistics and data on Solar energy in China now on statista.com!
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 country installed 102.48 GW of new solar capacity in the first half of 2024, bringing its total installed solar capacity to approximately 710 GW.
By the end of 2017, China's new grid connected installed capacity of PV power generation was 53.06 GW and the cumulative installed capacity reached 130.25 GW , which is 68.7% more than the data of the year of 2016 . The cumulative installed capacity of China accounts for 33.77% of the global PV installed capacity.
At the local level, provincial and municipal officials strongly supported solar manufacturers mainly due to the alignment of their interests. China’s cadre evaluation system was designed in a way that “rational” bureaucrats would pay more attention to projects and targets beneficial to their promotion.
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