China's Record Solar Power Installation in May, But Slowdown Looms
2025-06-24
China installed a record-breaking 93 gigawatts (GW) of solar power capacity in May, surpassing the total solar capacity added by any other country in 2024. However, new government policies, including the removal of pricing protections for solar projects and stricter grid connection rules for rooftop panels, are expected to significantly slow growth this summer. This slowdown could further impact Chinese solar manufacturers already struggling with overcapacity and price wars, leading to losses reported by many top producers in Q1 2025.