China added more utility-scale solar systems than residential capacity in 2023, the first time in three years that residential solar additions have fallen behind large-scale solar.
China’s utility-scale solar system additions last year exceeded the amount of residential solar capacity added, for the first time in three years. Utility-scale additions reached 120 GW in 2023, which compared with 96.3 GW of residential solar growth, Bloomberg reported, citing figures from China’s National Energy Administration.
Last year, the country’s total solar installed capacity topped 609 GW, with new additions at 216.88 GW. In November last year, Rystad Energy forecasted that China’s solar capacity would hit 1 terawatt by 2026, after topping 500 GW in 2023. With the 2023 projection beaten, the 1 TW number might come earlier than projected by the consultancy, too. China’s current capacity in solar power generation represents approximately 40% of the global total, according to Rystad Energy.
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