Solar sees brighter full-year prospects
4 months, 3 weeks ago

Solar sees brighter full-year prospects

China Daily  

Workers install photovoltaic panels at a power farm in Jiuquan, Gansu province, in May. China's photovoltaic industry may see robust growth in installed capacity this year with new installations ranging between 190 and 220 gigawatts, driven by the increasing electrification of energy use and the shift toward low-carbon power consumption, said the China Photovoltaic Industry Association. Wang Bohua, honorary chairman of the CPIA, said: "In recent years, total electricity consumption in China has steadily risen, propelled by industries such as new energy vehicles, big data centers and 5G base stations. Wang added: "Recent government initiatives have also relaxed restrictions on grid integration of power generated from new energy sources from 95 percent to 90 percent, potentially unlocking significant installation capacity. By the end of June, China's total installed capacity for power generation reached 3.07 billion kW, a 14.1 percent year-on-year increase, said the National Energy Administration.

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