China poised to beat record for full-year solar installations
China isn’t just a dominant player within solar panel manufacturing, but also quite diligent when it comes to installing solar energy domestically.
During the first half of 2022, the country set up 31GW of solar energy. Total installed capacity in the domestic market is expected to reach 75-90GW by the year-end, writes Reuters.
In comparison, China set up 54.9GW of photovoltaic energy in 2021. In total, China’s solar energy capacity amounts to 340GW.
The new additions mark a small step on the path towards the final objective: 1.2TW of solar energy by 2030. The bulk of the newly installed projects are located in Chinese desert regions.
Meanwhile, EU’s ambition is to set up 451GW of wind and solar by 2030 to meet the climate target of a 55% reduction in greenhouse gases ahead of 2030.
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