China Sets Target for Newly Installed Capacity of Wind Power and Photovoltaic Power Generation in 2023

Since April, many listed companies such as LONGi Green Energy, TCL Zhonghuan, Shangji CNC, etc. have announced plans to expand capacity and extend their industry chain. The integration process of photovoltaic listed companies is accelerating.

The National Energy Administration recently issued the Guiding Opinions on Energy Work in 2023, giving guidance on the deployment of energy work and development goals for the whole year. According to the document, China has set a target of about 160 GW of newly installed capacity of wind power and photovoltaic power generation in 2023.

Industry insiders believe that the newly installed photovoltaic capacity will benefit vertically integrated photovoltaic enterprises the most.