Strong growth of China’s photovoltaic industry

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Official data issued by the Chinese Ministry of Industry and Information Technology showed that the photovoltaic energy sector in China recorded strong growth in the first two months of 2023, with growth rates of main products in the industrial chain recorded on an annual basis of about 60%.
According to the Chinese news agency “Xinhua” that China produced about 176 thousand tons of polysilicon during the mentioned period, an increase of more than 60% over last year.
The data showed that the production of polysilicon wafers expanded by 78 percent compared to last year.
In the two-month period, the production of crystalline silicon photovoltaics increased by 57.5 percent to 62.2 GW, while the module production increased by 62.2 percent, the Ministry of Industry added.

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