China’s total installed power generation capacity has soared to 3.19 billion kilowatts by the end of October, marking a remarkable 14.5% increase compared to the previous year, according to data from the National Energy Administration.
Leading the surge is solar power, with capacity skyrocketing by 48% to approximately 790 million kilowatts. Wind power also saw substantial growth, rising by 20.3% to about 490 million kilowatts.
From January to October, major power companies invested 718.1 billion yuan (about $99 billion) in power supply projects, an increase of 8.3% year on year. Investment in power grid projects experienced a significant rise of 20.7%, reaching 450.2 billion yuan.
China’s renewable energy expansion continues to set new records. In the first three quarters of 2023, over 200 million kilowatts of new renewable energy capacity were installed, accounting for more than 80% of the total new installed capacity.
The nation has established one of the world’s most comprehensive carbon emission reduction policy frameworks, achieving significant results in its energy transition. Notably, the total installed capacity of wind and solar power has reached China’s internationally committed targets more than six years ahead of schedule.
This rapid expansion of renewable energy not only underscores China’s commitment to sustainable development but also sets a precedent for other countries aiming to boost their green energy sectors.
Reference(s):
cgtn.com
