In May 2025, domestic PV installations surged, reaching 92.92 GW, up approximately 105.48% MoM and 388.03% YoY, hitting a record high.

Published: Jun 23, 2025 17:14
In May 2025, domestic PV installations surged, reaching 92.92 GW, up approximately 105.48% MoM and 388.03% YoY, hitting a record high.

On June 23, the National Energy Administration released the national power industry statistics from January to May. As of month-end May, the cumulative installed power generation capacity nationwide reached 3.61 billion kW, up 18.8% YoY. Among this, the installed capacity of solar power generation was 1.08 billion kW, up 56.9% YoY, and the installed capacity of wind power was 570 million kW, up 23.1% YoY. From January to May, the cumulative average utilization hours of power generation equipment nationwide were 1,249 hours, a decrease of 132 hours compared to the same period last year. The power engineering investment completed by major power generation enterprises nationwide was 257.8 billion yuan, up 0.4% YoY, and the power grid engineering investment completed was 204 billion yuan, up 19.8% YoY.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
China Approves 17.44 GW Power Plan for Qaidam Desert Base, Including Solar, Wind, and Energy Storage Projects
16 hours ago
China Approves 17.44 GW Power Plan for Qaidam Desert Base, Including Solar, Wind, and Energy Storage Projects
Read More
China Approves 17.44 GW Power Plan for Qaidam Desert Base, Including Solar, Wind, and Energy Storage Projects
China Approves 17.44 GW Power Plan for Qaidam Desert Base, Including Solar, Wind, and Energy Storage Projects
It is understood that the National Energy Administration has officially approved the power source allocation plan for the "Qaidam Desert Base (East Golmud) Base". The planned construction scale of the power source projects at this base is 17.44 million kilowatts, including 10 million kilowatts of photovoltaic power, 5 million kilowatts of wind power, 2.64 million kilowatts of coal-fired power, 0.1 million kilowatts of solar thermal power, and 1.5 million kilowatts (for 4 hours) of electrochemical energy storage. The total investment in the projects is about 86 billion yuan. The new energy will be transmitted to Guangxi through the "Qinghai-Guangxi DC" UHV power transmission project. Currently, significant progress has been made in the preliminary work of the "Qinghai-Guangxi DC" project, w
16 hours ago
[SMM PV News] Armenia Hits 1.1 GW Solar Capacity,
Feb 6, 2026 09:17
[SMM PV News] Armenia Hits 1.1 GW Solar Capacity,
Read More
[SMM PV News] Armenia Hits 1.1 GW Solar Capacity,
[SMM PV News] Armenia Hits 1.1 GW Solar Capacity,
Armenia’s cumulative solar capacity has surged to 1.1 GW following the addition of approximately 615 MW in 2025. This rapid expansion has pushed solar's share of electricity generation to around 15%, effectively meeting the country's 2030 target years ahead of schedule. The growth is heavily driven by a net-metering scheme supporting over 50,000 autonomous producers (totaling 650 MW), though the government ended loan subsidies for rooftop solar in July to shift focus toward battery storage.
Feb 6, 2026 09:17
Spot Market and Domestic Inventory Brief Review (February 5, 2026) [SMM Silver Market Weekly Review]
Feb 5, 2026 17:36
Spot Market and Domestic Inventory Brief Review (February 5, 2026) [SMM Silver Market Weekly Review]
Read More
Spot Market and Domestic Inventory Brief Review (February 5, 2026) [SMM Silver Market Weekly Review]
Spot Market and Domestic Inventory Brief Review (February 5, 2026) [SMM Silver Market Weekly Review]
Feb 5, 2026 17:36