So there is a lot of uncertainty in the Chinese solar industry, but there are also irrefutable facts: China needs to continue to expand domestic solar capacity to reach its climate target. Similarly, global demand for PV products will not cease.
As of data from April 2023, the largest PV solar plant in the country is the Gonghe Photovoltaic Project, located in the province of Qinghai, with a capacity of over 3,000 megawatts. Zhejiang, followed by Qinghai, were the provinces accounting for the largest capacity of operational solar power farms in 2022.
China’s DMEGC Solar, a unit of DMEGC Magnetics Group, climbed from ninth to sixth, while India-based Adani Solar , a unit of Adani Enterprises, entered the top ten at seventh place, up from thirteenth.
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!
China added almost twice as much utility-scale solar and wind power capacity in 2023 than in any other year. By the first quarter of 2024, China’s total utility-scale solar and wind capacity reached 758 GW, though data from China Electricity Council put the total capacity, including distributed solar, at 1,120 GW.
Image: Trina Solar China’s PV module companies released their financial reports for 2022 and the first quarter of 2023 at the end of April, with some of the leading manufacturers posting strong performance. Currently, the competition among AAA-grade PV module companies is fierce.