China’s photovoltaic industry records strong expansion in 2022

China’s photovoltaic industry recorded strong growth in 2022, with total output exceeding 1.4 trillion yuan (203.9 billion U.S. dollars), according to official data.

The production of the main links in the industrial chain, including polysilicon, wafers, cells and modules, registered a year-on-year growth of more than 55%, according to the Ministry of Industry and Information Technology (MIIT).

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Last year, the country experienced a steady expansion of large-scale PV base construction and distributed PV application, and the country’s newly installed PV capacity reached 87 gigawatts.

According to the Department of Electronic Information of MIIT, in 2022 the Chinese photovoltaic industry maintained a good pace of development throughout the year, firmly supporting the smooth progress of peak carbon and carbon neutrality.

The country’s renewable energy industry continued to lead globally, with Chinese-made photovoltaic modules, wind turbines, gearboxes and other key components accounting for 70% of the global market share last year, according to the National Administration. of Energy.

Last year, the country experienced a steady expansion of large-scale PV base construction and distributed PV application, and the country’s newly installed PV capacity reached 87 gigawatts.

In 2022, renewable energy generation in China was equivalent to a 2.26 billion-ton reduction in national carbon dioxide emissions, according to the Administration.

Article republished from the Chinese state media CGTN within the framework of an agreement between both parties to share content. Link to the original article:https://news.cgtn.com/news/2023-02-18/China-s-PV-industry-reports-robust-expansion-in-2022-1hwARPJVrji/index.html

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