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

By Carrie Xiao
July 24, 2024
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 17, 2025
Norwegian renewable energy firm Scatec has signed lease agreements for 64MW of solar PV and 10MWh of energy storage capacity in Liberia and Sierra Leone.
October 16, 2025
Masdar and Turkey have entered the final stage of US$1 billion agreement to develop the 1.1GW plant in Bor, Niğde Province, central Turkey.
October 16, 2025
US utility-scale solar additions grew by 56% in 2024, reaching 30GW from 2023’s 19GW and representing over 54% of all new electricity generation capacity added in the country last year.
October 16, 2025
Jakson Green and Blueleaf Energy have reached financial close for the 840MWp Bikaner solar projects in Rajasthan, western India. 
October 16, 2025
Off-grid solar company Sun King has revealed plans to set up manufacturing operations in Kenya and Nigeria.
October 15, 2025
A report by IRENA and others has highlighted the need for yearly renewable energy deployments to almost double between now and 2030.

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