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China's dominance in the solar energy industry is evident, with the country controlling around 80% of the world's solar panel supply chain. As of 2022, China's total installed capacity of solar energy stands at 393 GW, nearly double that of the EU and more than three times that of the USA. The country's solar industry also employs a significant number of individuals, with 2.76 million jobs in 2022. Despite the phasing out of national subsidies, China's deployment of solar PV is accelerating, and the country is expected to reach its 2030 target for wind and solar PV installations six years ahead of schedule. This article originally appeared on Oilprice.com and can be found on their website.
