China solar power capacity could post record growth in 2023

SINGAPORE : China is expected to add 95 to 120 gigawatts (GW) of solar power in 2023, or as much as 30 per cent, a solar manufacturing association said on Thursday, in what would be a record annual rise in capacity. The world's biggest solar products maker and solar power generator brought 87.41 GW of new

SINGAPORE : China is expected to add 95 to 120 gigawatts of solar power in 2023, or as much as 30 per cent, a solar manufacturing association said on Thursday, in what would be a record annual rise in capacity.

The obstacles include a mandatory requirement from some local governments to install energy storage alongside solar farms, and restrictions on land and water usage amid Beijing's growing effort to protect farmland. "The trade barriers are bringing increasing difficulties for Chinese solar firms seeking to expand in overseas markets, and the rapid development of local manufacturers in those countries will hit China's solar manufacturing industry," Wang said.

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