China may fall short on 2021 solar power target, hit by raw material costs

China's installed solar capacity could miss expectations to reach just 45 gigawatts (GW) to 55 GW this year, the solar manufacturing association said on Wednesday, as soaring prices of raw material slowed projects.

The figure compares with generation capacity of 55 GW to 65 GW that had been forecast to be added this year, as China has grown solar power capacity nearly sixfold since 2015, to stand at 253.43 GW by 2020.

But a robust rebound in installation in coming years could see the launch of up to 75 GW of new capacity in 2022, Wang Bohua, vice-chairman of the China Photovoltaic