China's photovoltaic (PV) sector posted robust growth in 2022 with the total output value of the industry exceeding ¥1.4 trln ($203.9 bln), official data showed. This was reported by The Xinhua News Agency.
The output of the major links of the industrial chain, including polysilicon, wafers, cells and modules, all registered year-on-year growth of over 55%, according to the Ministry of Industry and Information Technology.
Last year, the country saw a steady expansion of the construction of large-scale PV bases and the application of distributed photovoltaics, with the country's newly-added installed PV capacity reaching 87 gigawatts.
Strong overseas market demands for new energy drove up the export of China's PV products. The country's PV exports totaled $51.2 bln last year, the data revealed.
The country's renewable energy industry continued to lead globally, with China-made PV modules, wind turbines, gear boxes and other key components accounting for 70% of the global market share last year, according to the National Energy Administration.
In 2022, China's renewable energy generation was equivalent to a reduction of 2.26 bln tonnes in domestic carbon dioxide emissions, the administration said.
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