China is on track to set a new record for solar power installations in 2024, driven by falling production costs and increased global interest in renewable energy, said industry experts and company executives.
"Solar PV installations have maintained a quite high pace this year, and we had seen an average of over 18 GW of monthly installations this year in China till October," said Zhu Yicong, vice-president of renewables and power research at global consultancy Rystad Energy.
The total solar capacity added from January to May 2025 reached nearly 198 gigawatts, marking a remarkable 388% increase from the same period in 2024, a year when China had already set a record for renewable power installations for the second consecutive year. Additionally, during this timeframe, wind energy capacity increased by 46 gigawatts.
With the world''s largest, most complete new-energy industry chain, China is expected to install 230 to 260 gigawatts of solar capacity this year, topping the record of 217 GW set last year, according to the China Photovoltaic Industry Association.
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