Global solar PV capacity installations 2022
China leads the solar race
Despite being ranked second in terms of new capacity installations, the United States added considerably less than the top ranked nation China. In 2022, China's solar pv cumulative capacity amounted to over 414 gigawatts. This was more than the combined cumulative capacities of the United States, Japan and India. China’s newly installed capacity has presented a growing trend in the last decade. Unsurprisingly, China is home to many of the world’s major solar PV companies , such as Jinko Solar. In 2022 the company reported an annual revenue of 12.1 billion U.S. dollars.