China is forecasted to add record solar power in 2022 despite high material costs amid supply chain constrains. This underscores the country’s push towards massive renewable to achieve its ambitious climate targets.
According to Wang Bohua, chairman of China Photovoltaic Industry Association (CPIA), China will add about 75 to 90 gigawatts (GW) of solar capacity this year. Even the low case would be a massive increase over last year’s record haul of 54.93 gigawatts.
China has a strong pipeline of solar projects as state-owned power firms have been capitalising on Xi Jinping’s plans for massive installations in the country’s deserts. There’s also strong growth in the rooftop market as factories look to replace some of their grid consumption with self-generated clean energy.
The country will average between 83 to 99 gigawatts of new solar capacity every year through 2025, Wang said. While global installations will rise to 232 to 286 gigawatts a year during the period, he said.
