Rapid Growth of Solar Power Installations - New Trends and Challenges Coexist in China's PV Industry in 2024：In 2024, China's solar power installations are on track for remarkable growth, potentially hitting 230 - 260 GW, despite hurdles in manufacturing. The photovoltaic sector grapples with dwindling production growth and profit margins. Nevertheless, burgeoning desert power bases, rooftop panel incentives, and rapid grid expansion fuel this expansion. From January to October, new installations spiked 27% year-on-year. Export figures are nuanced: cell and module volumes climbed over 40% and 15% respectively, yet total export value dipped 34.5%. India leads in battery exports, while Europe's module share wanes. Amidst de-globalization, industry players must diversify overseas markets, adeptly handle trade frictions, and intensify international collaboration for a resilient, sustainable future.

（By ZHENG XIN | China Daily）