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China’s Slow Solar Growth Means Surge Is Needed to Hit Forecast

  • Installations about halfway to annual target by end-October
  • Inflation has hit solar supply chain and boosted panel prices
Solar Panel Farm
Photographer: Qilai Shen/Bloomberg

The world’s biggest solar market will need a year-end installation rush to meet growth targets as cost inflation slows development.

China added about 29.3 gigawatts of solar in the first 10 months of the year, the National Energy Administration said last week. That’s well short of the annual forecast of 55 to 65 gigawatts set by the China Photovoltaic Industry Association earlier in 2021.