
China Holds 80 Percent Of Solar Energy Production In 2024
By Shubhendra Anand , 06 June, 2024
Solar energy sources are gaining momentum with the progress of the clean energy transition. The transformation in the environment seeks renewables in the place of fossil fuels. Chinese renewable development increased with solar panels in 2024. China is the leading country to contribute towards the clean energy transition with the help of solar energy. China has built the maximum number of solar panels compared to other nations. The survey conducted in 2204 reveals that China is responsible for 80 percent of global solar panel supply chains in 2024.
According to data about 2023 solar panel development, solar energy is reported to have more than two-thirds of renewable energy globally. Asia leads the nations in this solar energy growth, the European Union and the United States. According to a survey, China will be the solar energy hub in 2024. It is reported that China's capacity for solar energy is triple that of the United States. Chinese solar energy records a double capacity from the European Union in 2024. However, China controls 80 percent of the global solar supply chain in 2024. Recent developments and news from such research have proven China's control over the supply chain of solar panels. China initially installed around 393 gigawatts of solar panels, followed by the European Union and the United States. European Union solar panel installation is at 205, and the United States solar panel installation is at 113 gigawatts. However, the solar panel installation has been recorded till 2022, and China leads it in quantity.
Chinese solar energy sector controls the production of solar panels globally by 80 percent in 2024. However, China has created multiple jobs, reporting up to 2.76 million in the solar industry. Therefore, China is expected to reach its solar energy production targets 2024. It was targeted to be achieved by 2030. However, the Chinese energy industry's prompt development in solar energy production led China to be six years ahead of the energy schedule.
China Controls 80% Solar Energy Production in 2024

Latest News

Ferro alloys play a crucial role in India’s steel industry. The manufacturing and production sector relies on ferro alloys to boost the nation's heavy industries and steel production. A survey of 2024 shows that the ferro alloys market is facing…

The automobile market has experienced a global slowdown since the beginning of 2024. However, the electric vehicle market plummeted over the period in 2024. Several constraints are behind the fall of electric vehicle sales, such as costly raw…

Hydrogen trains signify an essential development in the world's efforts to decarbonize transport. А Hydrogen-powered trains emerged as the fastest way of mobility, with specific coverage and significant developments in several areas, signifying a…

Mexico is progressing rapidly in the renewable energy sector, envisioning double its production by 2030. By 2024, 35% of electricity should come from clean sources, compared to 29% in 2022. With a focus on solar, geothermal, wind, and hydroelectric…

Nuclear energy has been gaining traction in the global market, as have its requirements from big corporations. Texas has begun its revival phase as one of the front-runners in this new economic race. An expanding demand for nuclear energy…

Head Research
Latest News




