May 06, 2023 06:37 PM

BUSINESS

China’s Newly Installed Solar Capacity, Module Exports Jump in Q1

By Zhao Xuan and Ding Yi

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Photo: VCG

Photo: VCG

China saw robust growth in newly installed solar power capacity and exports of photovoltaic modules in the first quarter as supply chain prices continued to fall and strong demand from home and abroad, especially Europe, bolstered shipments.

In the three months through March, China added 33.66 gigawatts of grid-connected installed solar power capacity, representing an increase of 155% year-on-year, data from the National Energy Administration (NEA) showed.

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