中国可再生能源：下调 2026 年中国新增光伏装机至 220 吉瓦（同比 - 24%）-大型发电集团因收益下降持谨慎态度-China Renewable Energy Cutting PRC 2026E New Solar Capacity to 220GW -24 YoY as Big IPP Groups Look Cautious amid Reduced Returns

Flash | 22 Dec 2025 04:56:13 ET │ 14 pages China Renewable Energy Cutting PRC 2026E New Solar Capacity to 220GW (-24% YoY) as Big IPP Groups Look Cautious amid Reduced Returns CITI'S TAKE After due diligence in Beijing last week, we slightly raised our forecasts of PRC solar installation to 290GW (up from 280GW) for 2025E based on projects being built but lowered that for 2026E to 220GW (-24% yoy) (down from 250GW) which seem below market expectations; big PRC IPP groups such as China Huaneng Group and Nati ...