- China exited August 2023 with 16 GW of new solar PV capacity installed
- Between January and August this year, it added up to 113.16 GW solar capacity
- China’s total installed solar PV capacity stands at around 510 GW, according to the NEA
China, the world’s largest solar market, has achieved the milestone of 100 GW installed capacity within 8M/2023, achieving 113.16 GW in deployments. This is an annual growth of 68.69 GW over 44.47 GW it deployed in 8M/2022.
This means the country grew its deployments by 16 GW in August this year, coming down from 18.74 GW in July and 17.21 GW in June (see Chinese Solar Installations Growing Strong).
If China continues to install an average of 15 GW in the remaining 4 months of the year, it is likely to end up with over 170 GW in installed capacity in 2023. It will be much higher than the China Photovoltaic Industry Association’s (CPIA) forecast of up to 140 GW, and also well above the Rystad Energy guidance of over 150 GW (see China To Install Over 150 GW New Solar In 2023).
The cumulative installed solar PV capacity of the country grew by 44.4% to around 510 GW while wind energy capacity grew by 14.8% to approximately 400 GW with the addition of 28.92 GW within 8M/2023.