China’s June Solar Installations Plummet as New Rules Take Hold

China saw a significant slowdown in solar and wind installations in June after new rules came into effect that threaten the profitability of renewable power projects.

The country added 14 gigawatts of solar last month, down 85% from a record 93 gigawatts in May, according to data released on Wednesday by the National Energy Administration. It comes after a rush earlier this year ahead of the policy deadline drove China to install more solar capacity in a single month than any other country did in all of 2024, according to BloombergNEF data.