China’s installed solar photovoltaic (PV) generation capacity rose 55.2% in 2023, data released by the National Energy Agency showed on Friday.

The country built more than 216 gigawatts (GW) of solar energy photovoltaic (PV) in 2023, underscoring the scale and pace of China’s solar photovoltaic (PV) development.

China’s total power generation capacity grew by 13.9% throughout 2023 to reach a total of 2,919 GW. In addition to new solar power projects, the country’s wind power generation capacity increased by 20.7%.

The rapid growth of photovoltaic (PV) capacity has been driven by a series of government targets announced in 2020, under which Beijing plans to reach peak CO2 emissions by 2030 and carbon neutrality by 2060. The government committed to build and support 1,200 GW of renewable energy. energy capacity by 2030, but China is on track to reach that goal five years earlier.

Utilization time at China’s largest generation facilities fell last year, data showed, indicating capacity increases outpaced growth in power demand. Lack of storage to integrate intermittent renewable energies. Installed solar photovoltaic (PV) capacity in China increased by 216 gigawatts (GW), up 55.2% in 2023. There is a lack of storage to integrate intermittent renewable energies.

by evwind