China adds unprecedented 160 GW of solar power in first 3 quarters of 2024
China’s solar boom hit a staggering new milestone: 160 gigawatts of new capacity added in just the first nine months of 2024, roughly equal to Germany’s entire electricity system built in under a year. That pushed cumulative solar capacity past 770 GW, a 48% jump from the year before, with rooftops and desert mega-farms growing side by side. Driving it all is a remarkable cost story: solar panel prices have fallen more than 90% over the past 15 years, making sunlight the cheapest new electricity humans have ever generated. Because China makes most of the world’s panels, every gigawatt it installs ripples outward, putting affordable clean power within reach of countries that have long been priced out.








