China’s solar power capacity could see record growth in 2023 | – #Chinas #solar #power #capacity #record #growth
SINGAPORE, Feb 16 (Reuters) – China is expected to add 95 to 120 gigawatts (GW) of solar power in 2023, the solar industry association said on Thursday, a record annual increase. capacity.
The world’s largest solar product manufacturer and solar power generator commissioned 87.41 GW of new solar capacity in 2022, bringing its total installed capacity to 392.61 GW, according to official data.
Wang Bohua, honorary chairman of the China Photovoltaic Industry Association (CPIA), said at the conference, “The development of solar power plants in China continues to face a number of challenges despite a slight decrease in investment costs.”
Obstacles include demands by some local governments to install energy storage next to solar farms and restrictions on land and water use amid Beijing’s growing efforts to protect farmland.
Reuters graphics
Although the country’s solar energy potential is growing rapidly, its solar product exporters USA, Europe They face more trade disputes in destinations like the Commonwealth and India and tougher competition at sea.
Latest UpdatesMacro MatterscategoryChina says to help economy, child will develop policies to improve care, article with image Macro Matterscategory New home in China prices first time in a year january increased in the month, pictorial article
See 2 more stories
“Trade barriers pose increasing challenges for Chinese solar firms seeking to expand in foreign markets, and the rapid development of domestic manufacturers in these countries will hit China’s solar manufacturing industry,” Wang said.
USA from Xinjiang, China in December mandatory has banned imports, including solar products, due to labor concerns.
About 3 GW of solar modules exported from China USA their slave by customs labour was captured on suspicion of coming from the camps.
According to CPIA data, China exported about 36.3 GW of solar panels and 23.8 GW of solar cells in 2022, up 61% and 131% year-on-year, respectively.
However, solar module exports grew at a slower pace of 56% last year as more module factories were built overseas.
“Chinese solar firms should pay more attention to competition as the US, EU and other countries implement policies and take urgent steps to support their domestic industries,” Wang said.
Reporting by Muyu Xu; Edited by Jacqueline Wong and Sonali Paul
Our standards: Thomson Reuters Trust Principles.
2023-02-16 08:41:27
Source – reuters
Translation“24 HOURS”