Chinese PV Industry Brief: China’s solar capacity rises to 1.11 TW by July | AI News Digest
China's solar power capacity has reached 1.11 TW by July, contributing to a total installed power capacity of 3.67 TW. This marks an 18.2% increase year-on-year, with solar capacity growing by 50.8%. Despite a significant rise in overall power consumption, new solar installations saw a decline of 48% compared to the previous year. The surge in power consumption, driven by extreme heat, highlights the growing demand for renewable energy sources. Companies like Sungrow and China Huaneng Group are making strides in expanding renewable capacities, indicating a strong momentum in China's energy transition. The developments reflect China's commitment to renewable energy amidst rising consumption and climate challenges.
