According to statistics from the National Energy Administration, as of the end of 2023, Zhejiang's cumulative installed grid-connected photovoltaic capacity reached 33.56GW, of which the cumulative installed capacity of distributed photovoltaic power generation projects was 26.89GW, ranking fourth in the country.

On April 9, 2024, in order to implement the State Council's "Action Plan for Promoting Large-Scale Equipment Renewal and Consumer Goods Replacement", Zhejiang Province issued the "Notice on Several Measures to Promote Large-Scale Equipment Renewal and Consumer Goods Replacement". The document mentioned that by 2027, more than 70,000 kilowatts of wind power installed capacity will be upgraded and renovated, and more than 100,000 kilowatts of photovoltaic installed capacity will be retired. Explore the residual life assessment of wind power and photovoltaic equipment, and promote the cascade utilization of equipment and key components. Promote the classified utilization and centralized disposal of renewable resources such as retired photovoltaic components. Zhejiang Province has become the first province in the country to propose a photovoltaic installed capacity retirement target.