China's total installed power generation capacity reached 3.19 billion kilowatts at the end of October, marking a 14.5 percent year-on-year increase, according to data from the National Energy Administration.
Solar power capacity experienced a significant surge of 48 percent, totaling approximately 790 million kilowatts. Wind power capacity also saw robust growth, rising by 20.3 percent to around 490 million kilowatts.
Investment in power supply projects from January to October totaled 718.1 billion yuan (about $99 billion), reflecting an 8.3 percent year-on-year increase. Notably, investment in power grid projects saw a substantial rise of 20.7 percent, reaching 450.2 billion yuan.
China's renewable energy expansion continues to set new records, with over 200 million kilowatts of newly installed capacity for renewable energy power generation in the first three quarters of 2024. This accounts for more than 80 percent of the total new installed capacity.
China has established the world's most systematic and comprehensive carbon emission reduction policy framework, achieving significant results in energy transition. The total installed capacity of wind and solar power has met the country's internationally committed targets more than six years ahead of schedule.
Reference(s):
cgtn.com
