global solar cell and module manufacturing industry is currently operating at a utilization rate of approximately 50%
global investments in new solar factories amounted to $80 billion in 2023 alone, which is two times more than in 2022
Chinese solar industry accounted for approximately 95% of global investments in wafer production capacity last year, 96% of investment in polysilicon production facilities, and 83% of module factories
Existing manufacturing capacity for solar PV modules and cells could today achieve what is necessary to meet demand under the NZE Scenario in 2030 – six years ahead of schedule
a 56 GW solar module factory under construction by JinkoSolar in China’s Shanxi Comprehensive Reform Demonstration Zone is cheaper than national average values
the facility is projected to come in at $7.8 billion, or $140/kW for full-chain solar PV manufacturing, compared with our national average figure of $185/kW for China