The China Photovoltaic Industry Association (CPIA) has said the country expects to add up to 65GW of solar power capacity by the end of the year, bringing its total installed capacity to more than 300GW.
By the end of last month, the country had only installed around 13GW of solar power capacity.
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The CPIA said that increasing product prices and supply constraints on photovoltaic raw materials had slowed the development of new solar projects.
Last month, the price of polysilicon, a key raw material for producing solar cells, was found to be three-and-a-half times higher than it was at the end of last year.
CPIA president Wang Bohua said: “[The progress of] utility-scale solar projects in the coming months will depend on price movements alongside the solar supply chain.”
China is expected to install around 70GW to 90GW of capacity each year between now and 2025.
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By GlobalDataAccording to International Energy Agency data, the country had around 253GW of installed solar power capacity at the end of last year.
In May, China ordered power transmission firms to connect a minimum of 90GW of wind and solar capacity to its national grid this year.
The country aims for around 11% of its total power consumption to come from solar and wind power plants this year.
The CPIA predicts an increase in the exportation of solar modules in the country this year as global solar power capacity grows.
In the first five months of the year, China’s solar module exports were 36.9GW, which represents a 35.1% increase from last year, according to the data obtained from the CPIA.
In March, VRB Energy agreed to build a 100MW solar photovoltaic plant with a 100MW/500MWh integrated vanadium flow battery in Xiangyang in China’s Hubei Province.
