Diqing new solar power generation manufacturer

Is Trina Solar China a good PV module company?

Image: Trina Solar China’s PV module companies released their financial reports for 2022 and the first quarter of 2023 at the end of April, with some of the leading manufacturers posting strong performance. Currently, the competition among AAA-grade PV module companies is fierce.

What is the demand for PV installations in China in 2024?

The demand for PV installations in China in 2024 is expected to exceed expectations, with the annual growth rate revised upwards to 20-30%; the total new PV installations for the year are expected to reach 260GW to 280GW (previously projected at 230GW for 2024).

How much solar power did China add in 2023?

According to official figures, China saw the annual addition of approximately 216.88GW of PV capacity in 2023. But perhaps even more striking was the addition of over 96GW in distributed PV installations, which became a highlight and set a new historical record.

Which region has the most distributed PV installations in China?

Interestingly, these regions were among the top contributors to China’s distributed PV installations in recent years. According to Energy Administration data, in 2023, Henan province led the distributed PV addition rankings with 13.89GW, followed by Jiangsu with 12.17GW and Shandong with 10.13GW in distributed PV additions.

Can China sell solar modules overseas?

This is more than the total solar capacity the US installed in the first half of 2023, which stood at 113GW, and demonstrates both China’s overwhelming supply of modules, but also its willingness to sell them overseas and expand its influence. Graph showing Chinese module exports to a number of markets around the world. Credit: PV Tech

Is China's distributed PV market a problem?

Image: JA Solar. Last year saw 96GW of distributed PV installed in China, an all-time record. But as Carrie Xiao reports, even as the distributed market segment begins to surge, problems associated with its rapid development are beginning to emerge. In 2023, the Chinese photovoltaic industry delivered results that far exceeded expectations.