Installations of solar power grow rapidly

PV industry may witness new installed capacity of 230-260 GW this year

China is set to break another record for solar power installations this year, despite challenges in the equipment manufacturing sector, which is going through declining prices and shrinking profit margins, said industry experts.

China's photovoltaic industry may see robust growth in installed capacity this year with new installations ranging between 230 gigawatts and 260 gigawatts, driven by rapid development of the nation's desert power bases and accelerated measures to support rooftop panels, according to the China Photovoltaic Industry Association.

Accelerated grid construction across the nation, which allows solar energy to be transmitted to demand centers further afield, also helped push installations higher than previously thought, it said.