China leads the world as the top producer of solar energy, installing more than 48 GW of photovoltaic (PV) capacity in 2020.
As the nation with the largest population and carbon footprint. China’s clear commitment to renewable energy is really encouraging. According to the U.S.- China Joint Glasgow Declaration in 2021, the United States and China affirmed their commitment to work together and with other parties to strengthen the implementation of the Paris agreement and welcome the significant efforts being made around the world to address climate change.
In 2020, according to China’s National Energy Administration, the country installed more than 48 GW of photovoltaic (PV) capacity 2020, bringing its total installed capacity to 253.6 GW This PV capacity is enough for China to keep its market leading position with the Chinese market representing 33% of total global installations.
However, it’s interesting to note that in 2017 China’s market share was 51%. China’s declining dominance in the market coincides with a record number of new countries installing significant PV capacity.
The majority of solar panels, are being installed in remote areas by solar farms that sell the energy to utilities. Satellite imagery confirms the incredible growth of these enormous solar farms in China.
China’s drastic increase in solar power stems from the nation’s desperate need for electricity and its severe air pollution crisis. While some nations have curbed incentives to install solar panels, China’s government is aggressively encouraging financial institutions to give incentives to encourage solar installations.
