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As of at least 2024, China has one third of the world's installed solar panel capacity. Most of China's solar power is generated within its western provinces and is transferred to other regions of the country.
This study aims to estimate China's solar PV power generation potential by following three main steps: suitable sites selection, theoretical PV power generation and total cost of the system.
China can now make more solar power than the rest of the world. Data released by China’s National Agency last week revealed that the country’s solar electric power generation capacity grew by a staggering 55.2 percent in 2023. The numbers highlight over 216 gigawatts (GW) of solar power China built during the year.
The 216.9 gigawatts of solar power the country added shattered its previous record of 87.4 gigawatts from 2022. Not only does this achievement solidify China’s position as a renewable energy powerhouse but also eclipses the entire solar fleet of the United States, the world’s second-largest solar market, according to Bloomberg.
Most of China's solar power is generated within its western provinces and is transferred to other regions of the country. In 2011, China owned the largest solar power plant in the world at the time, the Huanghe Hydropower Golmud Solar Park, which had a photovoltaic capacity of 200 MW.
China’s cost advantage is formidable. A research unit of the European Commission calculated in a report in January that Chinese companies could make solar panels for 16 to 18.9 cents per watt of generating capacity. By contrast, it cost European companies 24.3 to 30 cents per watt, and American companies about 28 cents.
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