China will add 619GW of PV installed capacity in 2030

According to the data from Wood Mackenzie, a Scottish data company in the United States, by 2030, China will add 619 GW of solar power to global solar power station. China will remain leader in the region and globally, contributing over 60% of Asia Pacific’s solar PV capacity by 2030. Analysts also predict that in a statement on the Asia-Pacific region, Indonesia will become the fastest growing solar market in the region. 

WoodMac consultant Zhang Xin said that Carbon-neutral targets lead solar installations in Asia Pacific in the post-subsidy era. 

India will add the second largest solar energy in this ten years, by Japan, South Korea, Vietnam and Australia, but the Indonesian market will become the fastest growing market, from a small one from today’s 300MW It is estimated to be 8.5GW in 9 years.

The Asian Development Bank last year provided a $600 million loan to the state-owned power company Perusahaan Listrik Negara to expand power supply, which will largely contribute to this rapid growth.