Shanghai-based solar manufacturer JinkoSolar has reported solid financials for the second quarter.
The China Photovoltaic Industry Association secretary-general has revealed the world’s biggest solar market is unlikely to add more than 30 GW of solar generation capacity this year after just 17.5 GW was installed to the end of October.
Having risen to the top in the clean energy race, China has a lot to gain from the energy transformation. It can protect its crucial resources at home as well as become more energy self-reliant.
China’s utility-scale segment actually decreased by 64% in the first quarter, as compared to a year earlier, while the country’s distributed solar segment increased by a mind-boggling 217%.