Key Market Indicators
China's solar capacity is projected to soar to approximately 890,000 megawatts by 2028, up from around 480,000 megawatts in 2023. This represents an average annual growth rate of 9.6%. The nation has experienced a significant expansion in solar supply, with an average yearly increase of 22.2% since 2001. In terms of solar energy consumption, China is expected to reach about 9.5 exajoules by 2028, a substantial rise from 4.9 exajoules in 2023. This equates to an average annual growth rate of 10.2%. Since 2007, the demand for solar energy in China has surged, posting an average yearly increase of 24%.
