Having enter into 2023, the industry of PV has continued to maintain a development trend of increasing quantity and improving quality:

The solar panel production has increased by 54% year-on-year

The global patent application volume reached 126,400, ranking first in the world.

Compared with 2022, the newly installed PV capacity in 2023 is equivalent to the total global newly installed photovoltaic capacity in 2022

Seize the opportunities of green transformation: Accelerate the iteration and scale expansion of PV technology

Data released by the CPIA shows that:

The output value of PV in the first 10 months of 2023 has exceeded 1.3 tribillion yuan;

In the first three quarters of 2023, the output of each link, like silicon materials, wafers, battery, and modules all surpassed the full-year levels of 2022. The exports of wafers, batteries , and modules has respectively rising by 88.3%, 74.3%, and 33% year-on-year.

The foundation of steady expansion of PV industry lies in the global trend of green , low-carbon transformation and the opportunities brought by China’s promotion of the “dual carbon” goals (carbon peaking and carbon neutrality).

The IEA latest report shows: In 2023, the global newly installed capacity of renewable energy soared by 50% year-on-year, reaching a record high of 510 gigawatts, with solar PV accounting for nearly three quarters. By the beginning of 2025, renewable energy sources, including solar energy, will become the world’s largest source of electricity.

In China, as of Nov. 2023, the cumulative installed capacity of solar energy across the country reached approximately 560 gigawatts, representing a year-on-year growth of 49.9%. Meanwhile, the investment of major power enterprises in solar energy projects reached 320.9 billion yuan, surging by 60.5% compared with the previous year.

Break through with differentiated competition

In 2023, technologies such as TOPCon batteries, HJT batteries, and BC batteries will accelerate their industrialization. Meanwhile, perovskite and tandem solar batteries have achieved new breakthroughs in conversion efficiency, further consolidating China’s leading position in the global PV technology field.

Deepen and expand the market territory

Under the guidance of the “dual carbon” goals, the PV industry is deeply integrating with industries such as manufacturing, construction, and transportation. By innovating application models, we continuously expand the depth and breadth of the market.

Liu Yiyang, deputy secretary-general of the China PV Industry Association, introduced that currently, PV enterprises are setting up factories overseas, and the destinations have expanded from mainly Southeast Asia to the other markets , such as the United States, the Middle East, and Indonesia, etc. The number of overseas production capacity layout links has increased, and it has become a trend for the entire industrial chain from upstream to downstream to go global. Furthermore, the industry has shifted from simple exporting products in the past to providing production, management, branding and services, thereby building an ecosystem of global win-win cooperation.

PV products are transforming from “Made in China, sold globally” to “manufactured globally, sold globally”. It is believed that green energy will go further and further in the future.