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China Installed More Solar Panels Last Year Than the U.S. Has in Total
China installed more new solar capacity last year than the total amount ever installed in any other country.
In 2023, China’s new energy investments rose more than 34 percent, said NEA spokesperson Zhang Xing in a press release from the State Council. “China’s global leadership in renewable energy is evident not only in the scale of investments but also in the widespread adoption of innovative technologies and practices.” An International Renewable Energy Agency report said photovoltaic power and wind generation costs have gone down by more than 80 and 60 percent, respectively, over the course of the past decade, in large part due to China’s innovation, engineering and manufacturing, the press release said.
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