China’s NEA stated final week that the nation’s cumulative put in PV capability reached roughly 380 GW by the top of April 2023.

Within the first 4 months of this 12 months, the nation added 48.31 GW of latest PV techniques, together with about 15 GW in April alone. NEA attributed the rise in PV capability to delayed initiatives from 2022 and decrease module costs.

The China Photovoltaic Trade Affiliation (CPIA) stated China will add 87.41 GW of latest PV capability by 2022. The CPIA predicts that China’s new PV installations for this 12 months will attain between 95 GW and 120 GW.

Some analysis outfits have revised their outlook for the Chinese language PV market by 2023, with S&P projecting 150 GW and BloombergBNEF calling for 154 GW.

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