New Energy
China to Set Another Solar Record Even as Industry Struggles
- Nation to install 230-260 gigawatts of panels in 2024: CPIA
- Value of solar manufacturing fell 45% in first nine months
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China will set another record for solar power installations this year even as the industry producing the equipment suffers from falling prices and profit margins.
The country will install 230 to 260 gigawatts of solar capacity this year, said Wang Bohua, chairman of the China Photovoltaic Industry Association. That will top the record of 217 gigawatts set last year, and is an increase from the group’s February forecast of 190 to 220 gigawatts.