What is the global solar PV inverter market like in 2023?

Global solar PV inverter* shipments grew by 56% in 2023 to 536 GWac, with China accounting for half of all shipments as the country’s solar demand doubled in 2023, according to the latest analysis by Wood Mackenzie. The top 10 PV inverter vendors, led by Chinese giants Huawei and Sungrow, controlled 81% of the global market.

How many GW of PV inverters will CHN energy buy in 2023?

CHN Energy has wrapped up its 10 GW PV inverter tender for 2023, with Huawei securing orders for 4.1 GW of string inverters and Sungrow obtaining 1.85 GW. CHN Energy has announced the results of its 10 GW central purchasing tender for PV inverters for 2023.

What does shouhang's 100 MW solar power plant look like?

Heliostats at Shouhang’s 100-MW solar thermal power plant in Dunhuang. Photo: Beijing Shouhang Resources Saving Co. In a bulletin announcing the 100-MW plant’s startup Shouhang likens it to, “a silver sunflower blooming on the Gobi.”

Which solar PV manufacturers can compete with China?

The only other solar PV manufacturers from other countries that can compete with China on scale are Hanwha Q Cells and LG Electronics from the Republic of Korea and First Solar in the United States.

Why is China leading the world in solar PV technology?

China leads the world in manufacturing solar PV technology. The number of countries importing solar PV technology from China is increasing. Chinese solar PV firms are primarily engaging in downstream activities overseas. There are opportunities for technology transfer within all segments of the solar value chain.

Can China transfer solar photovoltaic technology to South-South?

Therefore, even as the majority of China's solar activities abroad are in the downstream segments of solar product sales and project development, there are still opportunities for South-South transfer of solar photovoltaic technology within these activities.