China installs 102.48GW of new PV in first half of 2024

By Carrie Xiao
Facebook
Twitter
LinkedIn
Reddit
Email
A Sungrow floating solar project
Chinese PV installations in H1 2024 were up 30% compared to last year. Image: Sungrow.

China added 102.48GW of new PV installations between January and June 2024, according to the latest data from China’s National Energy Administration.

Notably, the second quarter saw a significant increase, with an average of over 17GW of new installations per month.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

On July 20, the National Energy Administration released the statistics on the national power industry from January to June. In the first half of 2024, China’s new PV installations reached 102.48GW, a year-on-year growth of 30.68%.

Chinese PV installations in H1 2024 compared to 2023. Source: NEA

In February, Wang Bohua, the honorary chairman of the China PV Industry Association, predicted that new PV installations in China for 2024 would be between 190GW and 220GW. Compared to the new installed capacity of 216.88GW last year, this forecast indicates that he does not expect the installed capacity to continue to grow rapidly this year.

Another point of concern is that over the past year, due to the continuous decline in industrial chain prices, China’s PV enterprises have fallen into the dilemma of incremental non-profit increase, which has also directly led to a general decline in China’s PV product exports in H1 of this year.

According to the data released by the General Administration of Customs of China, from January to June this year, the total export value of domestic PV main materials was US$18.979 billion, a 35.07% decrease from the previous year. In Q2, the export value of China’s PV main materials remained generally stable at US$ billion.

10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

October 7, 2025
Econergy will acquire 100% stake in the 155MW Ratesti solar project in Romania, further expanding its European renewable energy portfolio.
October 7, 2025
Juniper Green Energy through its subsidiary Juniper Green Sigma Eight has signed a 70MW power purchase agreement with renewable energy giant Tata Power. 
October 7, 2025
Solar PV will account for almost 80% of the 4.6TW of new renewable power expected to be added by 2030, according to the International Energy Agency (IEA).
October 7, 2025
OpenSolar has secured US$13.1 million in equity financing from technology investors, including Titanium Ventures, Google and others.
October 7, 2025
US independent power producer (IPP) Arevon has begun operations at two utility-scale solar projects in Indiana.
October 7, 2025
Rystad Energy has said that Queensland’s utility-solar assets were the best-performing solar PV power plants in September 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK