How will China's PV market change in 2025 & 2026?

China’s share of global annual installations is set to drop by 7% for PV and 15% for storage from 2025 to 2026. This will push Chinese manufacturers to expand more aggressively to overseas markets. PV module prices have already been affected. The surge in PV installations in early 2025 led to a 5% to 6% increase in PV module prices globally.

How much does a PV module cost in China?

According to price analysis firm InfoLink: “Since March, the spot price of n-type modules in China has soared from RMB0.7/W to RMB0.73/W. Quotes from leading manufacturers are approaching the RMB0.75/W mark.” The results of the China Datang Group’s 2025-2026 PV module framework. Image: Datang.

How much will PV modules cost in 2025?

On 11 March 2025, the results of the China Datang Group’s 2025-2026 PV module framework purchase tender were announced, with the spot price of n-type modules increasing from RMB0.7/W (US$0.097/W) to RMB0.73/W (US$0.1/W), and some modules priced as high as RMB0.75/W (US$0.11/W).

How will China determine the price of solar and wind energy?

From 2026, China has announced that the price of electricity generated from solar and wind schemes will be determined according to competitive auctions.

How much money will China invest in a solar module factory?

China's solar module maker will invest USD 5.9 billion in the new factory. After completion, the facility will have 100,000 metric tons of polysilicon capacity, 20 GW of ingot and wafer capacity, and 30 GW of solar cell capacity. In January 2022, Huaneng Power International commissioned a 320 MW floating solar PV array in China's Shandong province.

How much solar power has China added in 2025?

In the first quarter of 2025, China added 59.7 GW of PV, a 31% year-on-year increase. This included 23.4 GW of capacity from utility-scale solar projects, up 7% year on year, and 36.3 GW from distributed PV, up 52% on the previous year.