China, world's largest solar capacity

"China’s solar prowess is staggering. With a whopping 430 GW solar capacity (As of April 2023), the country is the largest producer of solar energy in the world . . . The nation is also the largest manufacturer of solar equipment. According to reports, China has invested over 50 billion USD, in new PV supply capacity since 2011. This figure is ten times greater than the amount invested by the entire continent of Europe in the same industry. China’s share in all manufacturing phases of solar panels exceeds 80%. Today, subsidy-free solar power has become cheaper than coal in China. In addition, the country has set ambitious goals for the future. In its 14th Five-Year Plan released in June 2022; China has targeted that 33% of electricity generated in 2025 will come from renewables."