Will rooftop solar PV installations in China surge in the next 3 years?

Rooftop solar PV installations in China may surge in the next three years as the country goes through a green energy transition and plans to make renewable energy a key cornerstone in the country's path to a greener economy, a recent research report said.

Is China's solar market a backstop for the photovoltaic industry?

China’s solar market once again served as a backstop for the domestic photovoltaic (PV) industry, which has built up massive overcapacity. The country set up a new installation record of 260 GW (DC) in 2023.

What is China's production capacity for solar modules?

At the end of 2023, China's annual production capacity for finished solar modules was 861 gigawatts (GW) equivalent according to China Photovoltaic Industry Association data, more than double global module installations of 390 GW.

Why is China doubling its rooftop solar capacity?

The country's rapid development of rooftop solar capacity is also driven by government incentives. Newly added annual installed capacity for solar stations has been around 30 GW on average over the past few years, China New Energy Investment and Financing Alliance said.

Is China developing a rooftop solar system?

Fishman, an energy analyst at the Lantau Group, an economic consultancy firm in Shanghai, was keen to meet with developers in Shandong to understand how China is developing extensive rooftop solar installations at such a remarkable pace.

How many GW will China's solar power plants produce a year?

The figure, according to Peng Peng, secretary-general of the industry group China New Energy Investment and Financing Alliance, is expected to reach 80 GW annually if the government's push for distributed solar installations nationwide is implemented on schedule.