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Global solar capacity is expected to reach a new high in 2025, with China leading the market
As the global demand for renewable energy continues to grow, the solar energy industry has ushered in unprecedented development opportunities. Recently, the International Energy Research Institute released the latest global solar energy new installation forecast report. The report pointed out that the global solar energy new installation capacity is expected to reach 531~583GW in 2025, which is a significant increase over previous years and a record high.
As an important participant in the global solar energy industry, China's market performance is particularly eye-catching. It is predicted that China's new solar energy installation capacity will reach 215-255GW in 2025, accounting for more than 40% of the global new installation capacity. Behind this data is the Chinese government's strong support for the renewable energy industry and the market's positive response.
In terms of policy, China continues to promote the transformation of its energy structure and increase the development and utilization of renewable energy such as solar energy. The National Energy Administration and other relevant departments have introduced a series of policy measures to encourage enterprises and individuals to invest in solar energy projects and promote the innovation and application of solar energy technology.
In terms of the market, with the continuous maturity of solar energy technology and the reduction of costs, solar power generation has become the preferred energy source for more and more countries and regions. In China, the demand for distributed photovoltaic and industrial and commercial photovoltaic projects continues to grow, providing a broad space for the development of the solar energy market.
In the future, with the increasing global demand for renewable energy and the Chinese government's continued support for the solar energy industry, China's solar energy market will continue to maintain a strong growth momentum and make important contributions to the development of the global solar energy industry.