2023 Solar Panel Industry News
2023-04-18
1. Favorable Policies Boost the Development of Solar PV
In 2023, a series of supportive policies were issued to promote the solar photovoltaic industry.
In March, several Chinese ministries jointly released policies to support the rational land use for PV projects, encouraging the construction of large-scale photovoltaic bases in deserts, Gobi and other barren areas.
In August, China implemented full green certificate coverage for wind and solar power, improving market-oriented consumption and project returns.
In October, pilot programs for distributed PV grid connection capacity were launched in six provinces, solving grid connection bottlenecks and accelerating the development of residential and commercial PV systems.
2. Global Installations Hit Record High, China Leads Global PV Production
Global new photovoltaic installations exceeded 300GW in 2023, reaching a historic high, with China as the main driver.
China’s solar cell output increased by 54% year-on-year, and its PV module production capacity accounted for more than 80% of the global total.
China’s PV industry chain maintained strong export growth, forming a pattern of global manufacturing and global sales.
3. Technological Breakthroughs Push Solar Cell Efficiency to New Records
- In November, LONGi set a world record of 33.9% conversion efficiency for perovskite-silicon tandem cells.
- In December, LONGi’s HBC battery reached 27.09% efficiency, breaking the record for monocrystalline silicon cells.
- The Chinese Academy of Sciences improved the efficiency of CZTSSe thin-film cells to 16.6%.
- High-power modules of 700W+ were gradually standardized and applied on a large scale.
4. Major Projects Completed, Overseas Markets Expanded Rapidly
In November 2023, the Al Dhafra PV2 Solar Power Plant in Abu Dhabi, the world’s largest utility-scale solar project contracted by Chinese companies, was fully completed.
Chinese enterprises also accelerated their layout in Latin America, the Middle East and Europe, launching integrated PV + energy storage solutions at major international solar exhibitions.
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