China’s photovoltaic capacity from January to July increased by 123.53 GW

Photovoltaic power capacity alone accounted for about 740 GW, up 49.8%, while wind power capacity stood at around 470 GW, up 19.8%.

China’s National Energy Administration (NEA) says the country installed 21.05 GW of PV in July 2024, bringing the total for the year to 123.53 GW, while China Huadian Group has launched a tender for the procurement of 16.03 GW of PV modules.
The NEA said newly installed PV capacity in July 2024 reached 21.05 GW, down 9.77% from the previous month. From January to July, cumulative new PV installations reached 123.53 GW. By the end of July, the country’s total installed power generation capacity had reached about 3.1 TW, a year-on-year increase of 14%.

China Huadian Group has released its second round of PV module procurement for 2024, up to 16.03 GW. The tender includes three segments with n-type tunnel oxide passivated contact (TOPCon) modules, n-type back contact modules and heterojunction (HJT) modules. The first two segments are subject to a framework agreement with delivery expected in June 2025, while the third segment is scheduled for delivery between September and November 2024.

NewU Group said it will finish its planned investment in a 20 GW bi-directional solar inverter and converter production project. In October 2023, the Shenzhen-listed company had committed around CNY460 million ($64.4 million) to build a solar power plant in Jinxian county, Jiangxi province. However, it cited strategic reassessment and the need for prudent decision-making as reasons for halting the project.

Shanghai Electric Power said the 200 MW Tokaj solar facility in Hungary, funded by its subsidiary Xihe New Energy Development, is moving ahead with grid connection. The project in northeastern Hungary is expected to be fully integrated into the grid by the end of the year.

Golden Solar New Energy Technology has announced an expected loss of between CNY150 million and CNY160 million for the six months to June 30, 2024. First-half sales were CNY127 million, down about 18% compared with CNY155 million in the same period last year. The company attributed its results to price competition in the first half of 2024. It has been investing in upgrading its existing heterojunction solar cell production lines to produce high-efficiency heterojunction back-contact photovoltaic products, which it plans to sell in the US and European markets.