Review of China's photovoltaic industry in 2020 2021-03-02

In 2020, the COVID-19 affected the global economy. However, the PV industry in China was catching up with the others. It has made remarkable achievements, and has maintained and continued many world’s first. In 2020, China's photovoltaic installed capacity was 48.2GW, ranking the first in the world for eight consecutive years; the cumulative installed capacity has reached 253GW, ranking the first in the world for six consecutive years; the industrial scale continues to expand, and the four main links of the manufacturing end has achieved double-digit growth; the output of polysilicon has reached 392000 tons, ranking the first in the world for 10 consecutive years; the output of photovoltaic modules is reaching 124.6GW, ranking the first in the world for 14 consecutive years.The export volume of photovoltaic products was 19.75 billion US dollars, a year-on-year decrease of 5%, but the export volume of modules reached 78.8gw, a record high, a year-on-year increase of 18.3%.

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