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China Triples Solar Investments as Clean Energy Push Accelerates

Spending on the installation of panels is rising quickly as the nation aims to grow the world’s largest renewable energy fleet.

Photovoltaic panels at a solar farm in Gonghe County, Qinghai province, China.

Photovoltaic panels at a solar farm in Gonghe County, Qinghai province, China.

Photographer: Qilai Shen/Bloomberg
Bloomberg News

China tripled investment in solar power projects in the first four months, putting the nation on track to install record amounts of new clean energy capacity.

Investment in solar was 29 billion yuan ($4.3 billion) from January through April, about 204% higher than in the same period a year earlier, according to an National Energy Administration statement. That compares to 51.3 billion yuan invested in solar in the first 11 months of last year.