Current status and prospects of photovoltaic power station development in my country
China has maintained the first place in the world in terms of cumulative installed capacity of photovoltaic power for many years, accounting for 37.51% of the world in 2022 1. In 2024, the newly added installed capacity of photovoltaic power will reach 120GW, of which distributed photovoltaic power will account for 45% and centralized photovoltaic power will account for 55% By the end of 2024,
Installed Capacity and Market Position
China has maintained the first place in the world in terms of cumulative installed capacity of photovoltaic power for many years, accounting for 37.51% of the world in 2022 1. In 2024, the newly added installed capacity of photovoltaic power will reach 120GW, of which distributed photovoltaic power will account for 45% and centralized photovoltaic power will account for 55%
By the end of 2024, the cumulative installed capacity of distributed photovoltaic power in my country will reach 370 million kilowatts, becoming an important part of the power system
Industry Chain and Technology Upgrade
In 2024, the price of photovoltaic modules will drop to 1.4 yuan/watt, which will significantly improve the economic efficiency of power stations 2. At the beginning of 2025, the prices of the main links in the industrial chain (silicon materials, silicon wafers, and battery cells) will rise collectively, reflecting the tightening of supply and demand relations and the characteristics of the industry inflection point 4.
The application of new technologies such as smart junction boxes and XBC batteries will accelerate, improving power generation efficiency and system safety 48.
Policies and Market Mechanisms
At the beginning of 2025, the country will deepen the market-oriented reform of the grid-connected electricity price for new energy, and promote the full entry of photovoltaic power generation into the power market 3. With the support of local policies, the market share of the eastern region will increase from 30% in 2024 to an expected 35% in 2025
