China is poised to achieve 1 TW in solar capacity by 2026, driven by massive investments, large-scale projects, and provincial-specific targets.
China's solar capacity is predicted to cross 500 GW by end of 2023 and then double to 1 TW by 2026.
New capacity in 2023 is expected to top 150 GW, almost doubling the 87 GW installed in 2022. Our projections show that the significant acceleration is not going to slow anytime soon. About 165 GW is expected to be added in 2024 and 170 GW in 2025. This growth will see China’s cumulative solar PV capacity reach over 700 GW by 2024 and increase to close to 900 GW by the end of 2025, before topping 1 TW in 2026.
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. 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.Renewables & Power Solution.
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