Spring 2023 Solar Industry Update slide image

Spring 2023 Solar Industry Update

• Chinese Generation Capacity Additions by Source Note: Based on new information, annual and cumulative solar values now assume that China's National Energy Administration (NEA) reports distributed PV in direct current terms and utility-scale PV in alternating current terms. Sources: China NEA (1/18/23); IEA, National Survey Report of PV Power Applications in China, 2021. In 2022, solar contributed 44% to new generation capacity in China (97 GWdc/82 GWac) and 15% of cumulative capacity (462 GWdc/378 GWac). ― - - - The record for annual solar installed was broken for the second year in a row. In 2022, 61% of new PV was distributed, 39% was utility scale. Wind and solar accounted for 64% of capacity installed in 2022, and together they have constituted the most capacity installed for 7 years running. Annual coal and gas additions fell for the second year in a row, reaching the lowest level in more than a decade. • Renewable sources continue to capture a larger share of China's growing electric capacity. In 2011, renewables made up 26% of 1.1 TW of total capacity. In 2022, renewables made up 45% of 2.5 TW of total capacity. Annual Capacity Additions (GWac) Cumulative Capacity (GWac) Solar ac 250 Hydro Wind Other 3,000 Solar ac Wind 2,545 191 200 Nuclear Coal and Gas 186 2,500 Hydro Other 2,200 178 Nuclear 142 47 2,000 Coal and Gas 1,652 2,011 1,900 2,373 296 378 244 150 121 125 125 123 1,521 111 52 96 15 111 82 1,379 1,777 126 197 168 1,500 100 34 1,063 1,147 1,258 75 41 84 51 42 29 1,000 50 500 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 NREL 9
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