On May 1, 2024, the China National Energy Administration reported a significant increase in the production and sale of high-purity silicon. This marked a 20.76% growth compared to the previous year, with an impressive total output of 46.76 million tons. The year-on-year production volume for high-purity silicon is expected to reach approximately 30%, positioning China as the leading producer in this sector.
Furthermore, the continuous advancements in solar energy technology have led to an increase in the production of solar batteries. In 2024, the total output of solar batteries is projected to be 87.68 gigawatts, reflecting an 8.7% increase year-on-year. The rapid development of the industry is evident as manufacturers continue to enhance their production capabilities. The total output is anticipated to reach 45.71 gigawatts, representing a year-on-year growth of 46.93%.
As companies strive to innovate, the industry has seen a surge in new technologies and product advancements. The latest estimates indicate that TNC battery production will exceed 150 gigawatts. TNC is focusing on the introduction of new manufacturing techniques and aims to ensure that production meets the increasing demand for high-quality energy solutions.
The administration also highlighted that over the past three years, the cumulative investment in solar energy has exceeded 110 billion yuan. In 2024, the establishment of new research centers dedicated to solar energy development will support multiple key projects aimed at enhancing technological capabilities. The focus will be on exploring deep-sea energy technologies and expanding renewable energy applications.
Additionally, the upcoming center will concentrate on major technologies such as TOPCon, HJT, and other advanced photovoltaic materials. This initiative aims to advance the manufacturing capabilities of solar batteries and other components, ensuring that the resources for future developments are robust.
The administration’s strategic focus is on strengthening the domestic market and enhancing the competitive edge of Chinese solar technology. This includes accelerating the pace of innovation within manufacturing and aiming to reduce costs associated with solar energy production.
Overall, the future of solar energy in China looks promising, with investments and advancements in technology paving the way for continued growth and sustainability in the renewable energy sector.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/chinas-solar-industry-achieves-significant-growth-with-rising-production-and-sales-in-2024/
