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's solar power global market share has exceeded 80 percent. Technological prowess is evident in continuous breakthroughs, such as achieving a 33.9 percent conversion efficiency in crystalline silicon-perovskite tandem solar cells, setting yet another world record," said Wang Shijiang, secretary-general of the CPIA.
As of at least 2024, China has one third of the world's installed solar panel capacity. Most of China's solar power is generated within its western provinces and is transferred to other regions of the country.
As the demand for solar power increases due to climate change, the cheap nature of Chinese photovoltaic cells has resulted in China's solar exports growing massively in recent years in spite of the labor used in production.
Chart by Carbon Brief. At the same time, China’s solar manufacturing industry recorded even stronger growth in 2023. China added 340 gigawatts (GW) of polysilicon production capacity and 300GW of wafer, cell and module production capacity in 2023, according to the International Energy Agency (IEA).
Benefiting from a complete life-cycle supply chain and rapid advancements in PV power generation technology, China has emerged as a leader, achieving significant cost reductions and shaping the landscape of solar energy on a global scale," said Jiang Yali, a solar sector analyst at BloombergNEF.