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China expected to increase PV installation capacity to 60 GW by the end of the year

26 May 2016

China is expected to add new solar PV installation capacity of more than 19 GW this year, bringing the total PV installation capacity to above 60 GW, outperforming Germany to become the world’s largest country in terms of the aggregate PV installation capacity.

The country is forecast to maintain the position as the world’s largest PV cell product producer this year, with exports for PV cells and components rising about 5 percent year on year to more than US$15.0 billion.

China produced 43 GW of PV components in 2015, accounting for 71.7 percent of the world’s total production volume and ranking first worldwide for the seventh consecutive year.

According to Xinhua News Agency, quoting Dong Xiufen, the director of the new energy office with National Energy Administration (NEA), China’s solar PV power capacity will hit a further 150 GW by 2020.

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