China is building two-thirds of the world’s new solar and wind projects, with 180 GW of utility-scale solar capacity under construction, according to a recent report from the Global Energy Monitor.
Currently, the combined capacity of 339 GW of large-scale solar and wind projects on the pipeline in China is about twice that of the rest of the world combined. The report shows that the combined US capacity for large-scale solar and wind capacity under structure is only 40 GW as of December 2023, followed by Brazil (13 GW), the United Kingdom (10 GW) and Spain (9 GW).
In addition, one-third of China’s planned large-scale solar and wind projects are under construction, higher than the global average of 7%.
According to the report, China also added roughly twice as much utility-scale solar and wind power capacity in 2023 as in any other year. In the first quarter of 2024, China’s total utility-scale solar and wind power capacity reached 758 GW; data from the China Electricity Council showed that total capacity, adding distributed solar, reached 1,120 GW. Wind and sun now make up 37% of the country’s total electric power generation capacity.
The report says that between March 2023 and March 2024, China installed more solar capacity than in the last 3 years combined, and more than the rest of the world combined by 2023. Almost some of the distributed solar added in 2023 was installed in residential rooftop buildings, largely encouraged by the Chinese countywide solar style, announced in 2021.
As a result, distributed sunlight accounts for 41% of total solar capacity and has experienced a higher rate of expansion than the sun on a commercial scale since 2021.
Geographically, the solar force is distributed in the central and southern provinces. Shandong tops the list with 40,988 MW of distributed solar projects in 2023, followed by Henan (30,940 MW), Jiangsu (30,940 MW), Zhejiang (26,896 MW) and Hebei (23,026 MW).
Large-scale solar PV projects were most prevalent in the western and northern provinces or regions, led by Xinjiang (38,020 MW) and Qinghai (27,708 MW). Shanxi, Inner Mongolia and Ningxia have a capacity of 25,189 MW, 23,485 MW and 21,302 MW, respectively. .
Previously, PV Tech reported that China added 45. 74 GW of sol in the first quarter of 2024, up from 33. 66 GW in the same quarter last year.
Data from the Energy Administration showed that new PV capacity in the first two months reached 36. 72 GW. As a result, China added around 9. 02 GW of solar capacity in March. From January to March, China gained 69. 4 GW of electricity generation capacity. Of the additions, sun and wind accounted for 65. 9% and 22. 3%, respectively.
However, the Chinese solar market is facing headwinds in 2024 as China’s major Sun Force brands report losses in the first part of 2024 due to the upd festival building and the Chinese government’s plan to increase the minimum capital ratio for solar PV production projects to 30%. .
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