中文
China's solar power sector is experiencing a rapid surge in installations, surpassing last year's record growth.
The country has installed nearly three times the amount of solar capacity between January and April compared to the same period in 2022, and it is expected to exceed the total solar panel installations in the United States this year.
According to National Energy Administration, China added 48.31 GW of solar power in the first four months of 2023, up 31.43 GW from the same period last year. Solar made up 57.2% of total newly added power capacity over the period.
By end-April, the country's possessed 440.50 GW of this renewable capacity, surpassing wind's 379.66 GW and hydro's 416.33 GW as the second largest energy source in the country.
The declining costs in the solar supply chain and the increasing electricity consumption in the world's second-largest economy are driving the demand for clean energy. With its significant renewable energy fleet, China aims to achieve the target of reaching net-zero emissions by 2060.
According to BloombergNEF, China is projected to install 154 GW of solar capacity this year, surpassing their previous forecast of 129 GW. At the beginning of 2022, the cumulative solar capacity in the U.S. stood at 144 GW, as per Bloomberg data.
China's accelerated solar installations contribute to the world's path towards a total capacity of 5,300 GW by 2030, which aligns with scenarios required to meet global net-zero targets.
The China Photovoltaic Industry Association projected that China would install 95 to 120 GW of solar capacity this year, surpassing the record of 87.4 GW set last year.
(Writing by Alex Guo Editing by Harry Huo)
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