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China's Solar Surge Faces 22% Installation Decline Risk

4/26/2025

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Summary

Story summary

In the first quarter of 2025, China made significant strides in renewable energy, adding 14.62 GW of wind, 2.13 GW of hydroelectric, and 9.25 GW of thermal power. Solar power surged by an impressive 59.71 GW, making up nearly 70% of new capacity. However, the China Photovoltaic Industry Association warns of a potential 22% decline in solar installations this year due to market pricing reforms.

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Story summary

In the first quarter of 2025, China made significant strides in renewable energy, adding 14.62 GW of wind, 2.13 GW of hydroelectric, and 9.25 GW of thermal power. Solar power surged by an impressive 59.71 GW, making up nearly 70% of new capacity. However, the China Photovoltaic Industry Association warns of a potential 22% decline in solar installations this year due to market pricing reforms.