China Solar Industry Sets Sights on Record 2021 After Green Push
- Industry group sees installations rising to 55-65 gigawatts
- Market has widely benefited after China announced green goals
A solar farm on the outskirts of Jiaxing.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China is expected to install a record amount of solar power this year, as the industry continues to benefit from green policies in the country home to the world’s largest fleet of panels.
Solar installations in China should reach 55 to 65 gigawatts this year, according to the China Photovoltaic Industry Association’s 2021 outlook report. That would be up from 48.2 gigawatts in 2020 and surpass the record set in 2017. Global capacity is set to rise by a record of 150 to 170 gigawatts this year, the association said.