China’s total installed power generation capacity reached around 3.01 billion kilowatts at the end of April, a remarkable 14.1% increase from the previous year.
This impressive growth is being fueled by the country’s accelerated development of wind and solar power, according to data released by the National Energy Administration on Thursday.
The combined power generation capacity of wind and solar power hit around 460 million kilowatts and 670 million kilowatts, respectively, at the end of last month. These figures represent a staggering 20.6% and 52.4% year-on-year increase, showcasing China’s unwavering commitment to renewable energy sources.
During the first four months of 2024, China’s major power generation enterprises completed power supply project investments totalling 191.2 billion yuan (about 26.89 billion U.S. dollars), a 5.2% increase from the same period a year ago. Additionally, the country’s investment in power grid projects reached 122.9 billion yuan, a 24.9% year-on-year rise.
These investments highlight China’s sustained efforts to strengthen its power infrastructure and further integrate renewable energy into its national grid. The rapid growth in wind and solar power capacity underscores the country’s determination to reduce its reliance on fossil fuels and lead the global transition towards a more sustainable energy future.
As the world’s second-largest economy and a global leader in renewable energy, China’s continued investment and expansion in the power sector are poised to have a significant impact on the global energy landscape. This momentum is expected to contribute to the country’s ambitious carbon neutrality goals and drive the global push towards a greener and more resilient energy system.
