Chinese PV Industry Brief: New PV hit 36.72 GW in January-February period

China’s National Energy Administration (NEA) says that the nation’s cumulative PV capacity hit 646.2 GW at the end of February.

The NEA said that PV installations surged in January and February to 36.72 GW, up 80% year on year. China's cumulative solar capacity reached 646.2 GW at the end of February. The nation added 216.88 GW of new PV capacity in 2023, up 148.12% from 2022. In 2022, the country added 87.41 GW of solar.

DMEGC has outlined its PV shipment projections for 2024, with more than 2 GW expected to be shipped in the first quarter and around 6 GW in the first half. The company is targeting total shipments of 15 GW for the year, with 70% designated for international markets and 30% for domestic sales. It said it also plans to ramp up its production capacity by 8 GW for TOPCon cells and 5 GW for modules, in order to cater to both domestic and overseas demand.