Caixin
May 23, 2023 12:56 PM
BUSINESS

China’s Solar Boom Is Accelerating Past Last Year’s Record

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The rise in China’s deployments means the world is on track to have a total of 5,300 gigawatts of capacity by 2030. Photo: Bloomberg
The rise in China’s deployments means the world is on track to have a total of 5,300 gigawatts of capacity by 2030. Photo: Bloomberg

(Bloomberg) — China’s solar sector is accelerating an already world-beating pace of installations as costs tumble and demand keeps rising, putting it on track to rush past last year’s record.

The country installed almost three times the volume of solar capacity between January and the end of April than in the same period in 2022, and is on track to add more panels this year than the entire total in the U.S.

 

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