In 2023, global PV installations reached a new record high, growing 76% year-on-year to 444 GW. Of these, China added 217 GW (AC side) or 268 GW (DC side). In terms of DC side, China accounted for about 60% of the world's new PV installations.

PV DC side capacity refers to the total capacity of all PV modules that make up the power station, AC side capacity refers to the size of the AC power output of the inverter, which is usually used to measure the power generation capacity of the PV power generation system.

For the industry since last year frequently mentioned distributed consumption problems, since 2020, China's distributed PV has been in the rapid development stage, there are indeed a series of problems, for example, grid carrying capacity limitations, local consumption capacity is insufficient.

But the agency is still more optimistic about the development of China's distributed market, China's distributed PV is expected to install about 126GW of new installed capacity this year. 96GW of new installed capacity of domestic distributed PV last year, calculated in this way, year-on-year growth is expected to be about thirty percent.

"Grid carrying capacity in the calculation of the remaining access capacity, has been filed, but not yet grid-connected projects are included in the calculation. Most of the projects will complete grid connection this year, so there is no particularly big impact on this year's installed capacity." Zhao Tianyi said, but after 2025, it is more important to pay attention to enhance how to maximize the local accessible capacity, how to complete, who to complete, and how long to spend to complete the enhancement of the local power grid architecture.

Specifically to the industry chain link, since last year, silicon, silicon wafer, battery, component product prices in all segments have fallen continuously. As of the end of the year, module prices fell about 50% compared to the beginning of the year, and the current price is about $0.11/W (about RMB 0.79/W).