Milestone! PV has become the third largest power supply in China

Recently, the National Energy Administration released statistics on the national power industry from January to August.

By the end of August, the installed capacity of PV station in China was about 2.47 billion kilowatts, up 8.0% year on year. Among them, the installed capacity of wind power is about 340 million kilowatts, with a year-on-year growth of 16.6%; The installed capacity of solar PV station is about 350 million kilowatts, with a year-on-year growth of 27.2%.

The installed capacity of solar PV station has surpassed wind power, becoming the third largest power source after thermal power and hydropower. Considering that solar PV station is basically photovoltaic, it can be said that photovoltaic power has become the third largest power source in China.

All is inseparable from the efforts of Chinese photovoltaic companies. Established for more than ten years, Huangshan Yinqia New Energy Technology Co., Ltd. has been committed to solar photovoltaic power generation solutions, providing convenience for many households and factories. Since China began to support the development of the photovoltaic industry in 2013, Chinese photovoltaic companies have continued to reduce costs and increase efficiency in different links upstream and downstream, reducing the cost of photovoltaic power generation by nearly 90% in the past decade, becoming an important choice for the development of new energy.

In 2021, China continued to promote the development of photovoltaics through a number of policies, so that distributed photovoltaics, which have been in a "supporting role" for a long time, have also achieved great development. The annual installed capacity of distributed photovoltaics was 29.28GW, surpassing centralized photovoltaics for the first time, allowing China's photovoltaic installations to enter the "dual-core era", so that the installed capacity of photovoltaics surpassed wind power and became the third largest power source in China.