Cleaner Tech
China Solar Installations Seen Remaining Near Record in 2024
- Last year’s photovoltaic deployment doubled initial projection
- Domestic overcapacity and trade barriers may hinder the sector
Solar panels in Ordos, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s solar installations will likely remain near record levels this year, but beleaguered manufacturers won’t see another surge in panel purchasing to soak up excess production capacity.
The China Photovoltaic Industry Association expects 190 to 220 gigawatts of additions in 2024, Chairman Wang Bohua said at the group’s annual conference in Beijing on Wednesday, likely matching last year’s record of 217 gigawatts.