Over the past 20 years China has emerged as the world leader in solar energy technology. At the end of 2019, China’s total installed capacity of solar PV power made up 204 GW of energy.
The solar PV industry (as well as wind power) was supported and promoted with the explicit aim to create a leader in the global renewable energy market and to export equipment made in China to the promising solar markets in Europe and in USA. China’s government wanted to take its export-oriented, “factory of the world” economy to the next level.
According to data released by the National Energy Administration, the cumulative total installed capacity of photovoltaic power generation in China in 2020 was 253GW, a year-on-year increase of 23.8%. As photovoltaics gradually enter the era of parity and 14-five-year plan, the installed capacity will show a more rapid growth trend.
Suntech Power has had the strongest impact and role model function on the whole of China’s solar industry development, triggering the formation of a world leading industry sector. Suntech was founded in 2001 by Zhengrong Shi, a Chinese PhD returnee from the University of New Southwales who returned to China in 2000.
Demand-side policies are imperative for growing a domestic solar market and the Chinese government has used the past two five-year plans and concomitant plans to set capacity targets, carbon intensity targets, and a target of getting 15% of its energy from non-fossil sources by 2020.
China today leads the world in solar output and technology. While the original intent was purely export-oriented, the solar energy consumption rate within China has increased significantly. Remarkably, the national average consumption rate of solar power was 98% in 2019.
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