China’s solar capacity to surpass 500 GW by year-end

Its installed solar capacity is expected to exceed 1,000 GW by the end of 2026.

China is expected to double its new solar capacity this year to 150 gigawatts (GW), bringing its total installed capacity to over 500 GW, according to a report by Rystad Energy.

The country’s capacity, however, is seen to double in the next three years to reach 1,000 GW by the end of 2025. It is expected to add 165 GW in 2024, and another 175 GW in 2025, reaching a cumulative solar capacity of nearly 900 GW by the end of 2025.

“China’s national program to build out solar capacity, launched in June 2021, has led to a significant boost in large-scale projects. Although most distributed PV systems are installed on rooftops, not all of them are used for residential purposes,” said Yicong Zhu, senior renewables and power analyst at Rystad Energy.

ALSO READ: Russia, strengthens ties with China via new gas pipelines

“Around two-thirds of the distributed PV capacity in China is utilized by the commercial and industrial sectors and these projects can vary from tens to more than 100 MW,” he added.

Rystad Energy noted that the country has invested around $15.8b in solar PV construction in the first half of 2023, 3.4 times higher than the investment in thermal power, and the highest amongst power generation sources, citing the National Energy Administration.

China’s 500 GW will account for the highest share in the global capacity at 40%, followed by the US at 12% with 145 GW.

Follow the link for more news on

Rystad Energy

China Renewable Energy

Also Read

MGen’s $4b Terra Solar plant to aid Philippine RE transition

What is the future of gas in Australia's energy market?

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

India’s Rajasthan and Gujarat need policy reforms to fuel RE transition

Some steps they could take are implementing green tariffs and setting infrastructure funds.

11 hours ago

Global clean energy tech market to hit $2t by 2035

This is fuelled by investments as countries aim to enhance energy security.The global clean energy technology market is projected to grow from $700b in 2023 to over $2t by 2035, nearing the scale of the crude oil market, according to the International Energy Agency (IEA).This growth is fuelled by significant investments in clean technology manufacturing as countries aim to enhance energy security, maintain economic competitiveness, and cut emissions. Investment is concentrated in regions with established positions in clean energy, particularly China, the European Union, the UK, and increasingly, India.Whilst the US, EU, and India have taken measures to support their clean energy sectors, China is expected to remain the world's manufacturing hub. By 2035, China's clean technology exports are forecasted to exceed $340b—comparable to projected oil export revenues from Saudi Arabia and the UAE.Southeast Asia, Latin America, and Africa contribute less than 5% of global cleantech production value, yet the IEA suggests that these areas still hold opportunities within the clean energy economy. Developing economies, for instance, could leverage competitive advantages to advance in the value chain beyond resource extraction.The IEA said Southeast Asia could become one of the most cost-effective regions for producing polysilicon and wafers for solar panels over the next decade.

12 hours ago

NSW OKs Liverpool Range Wind Farm expansion