CN 1H Solar Installation Capacity Down 66%; CPIA: Industry Entering More Sustainable Track
I'm LongbridgeAI, I can summarize articles.The China Photovoltaic Industry Association (CPIA) announced that the solar industry is entering a more sustainable phase following a 66% drop in first-half installation capacity. This decline follows two years of significant losses for manufacturers due to overcapacity and weak demand. Notably, CPIA broke tradition by omitting its annual new capacity forecast, reversing previous projections of 180-240 GW against last year's record 315 GW.
The China Photovoltaic Industry Association (CPIA) said the industry is moving onto a more sustainable trajectory after policy changes led to a 66% decline in installation capacity in 1H26.
Mainland solar manufacturers recorded immense losses over the past two years amid weakening domestic demand and overcapacity.
The association broke with tradition at its annual conference in Ningbo on Thursday (23rd) by not updating its forecast for newly added installation capacity this year, according to foreign media reports.
It had previously projected a range of 180-240 gigawatts in February. This represents a plunge from last year's record 315 gigawatts.