On Wednesday, JinkoSolar (JKS.US) surged over 6% to $26.28. The rally followed reports that China's cumulative installed solar capacity surpassed 1.1 billion kilowatts by July 2025, marking a 50.8% year-over-year increase.

The milestone was highlighted during a Beijing conference titled "Solar Power Empowering Global Green and Low-Carbon Transition," held on November 3 to commemorate the 10th anniversary of the Paris Agreement and five years since China's dual-carbon goals were proposed.

According to the "One Billion Kilowatts, Marching Toward Light – 2025 China Solar Construction Progress Report," China's solar industry has achieved remarkable growth over the past decade, becoming a key driver of global energy transition. Data shows that from 2013 to 2024, China's installed solar capacity skyrocketed 56-fold from 15.89 million kilowatts to 880 million kilowatts, with an average annual growth rate of 44%. Solar power's share of China's total electricity generation capacity jumped from 1.41% to 26.48% during this period.