Renewables account for over 50% of China's installed power capacity

sxcoal.com Production & Sales,  Wind,  Solar 2024-04-30 11:30:56

Renewables now account for over half of China's power generation capacity, reflecting continued advancements in clean energy as part of the country's green transition, an official said.

 

By the end of March, China's renewable capacity reached 1,585 GW, soaring 26% year on year, introduced Pan Huimin, deputy director of the New Energy and Renewable Energy Department of the National Energy Administration, at a press conference on April 29. That made up 52.9% of China's power mix.

 

Of all renewables, wind and solar capacity exceeded 1,100 GW by the end of the first quarter, Pan said. Specifically, 457 GW of wind capacity was grid-connected, a 22% rise YoY, while solar capacity reached 659 GW.

 

China's newly-added renewables capacity reached 63.67 GW in Q1, up 34% YoY. This was 92% of all newly installed capacity over the period.

 

Wind capacity additions, totaling 15.5 GW in Q1, included 14.81 GW of onshore and 0.69 GW of offshore. Solar capacity additions reached 45.74 GW of  in Q1, up by 36% YoY, including 21.93 GW for centralized farms and 23.8 GW of distributed projects.

 

Meanwhile, China put another 1.81 GW of hydropower capacity into operation in Q1, including 0.21 GW of conventional and 1.6 GW of pumped storage. By the end of March, the clean power capacity totaled 423 GW, including 371 GW of conventional and 52 GW of pumped storage.

 

Additionally, China's newly installed biomass capacity was 0.63 GW in Q1, taking its total capacity to 44.77 GW by end-March, a 7% rise YoY.  

 

China's renewable power generation totaled 687.5 TWh in Q1, constituting 30.7% of the nation's total power output. Wind and solar generation rose 25% YoY to 425.3 TWh, with wind power output growing 16% YoY to 263.6 TWh and solar power output up 42% YoY to 161.8 TWh. 

 

During the same period, hydropower generation reached 210.2 TWh, up 2.2% YoY; biomass generation rose 6% YoY to 51.8 TWh.

 

According to a report from the IEA earlier this year, China is projected to remain the leader in the expansion of renewable energy in the upcoming years.

 

Between 2005-2010, China constructed 39% of the world's new renewable energy capacity. This figure increased to 47% in 2017-2022. The IEA anticipated this number will climb to 59% over 2023-2028.

 

The agency estimated that by 2028, nearly half of China's electricity will be produced from renewable sources, a significant increase from around 30% in 2022.

 

During this period leading up to 2028, China is expected to deploy four times more renewables than the EU and five times more than the US.

 

(Writing by Alex Guo  Editing by Harry Huo)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editor's Pick

1 Seaborne import thermal coal market stagnant amid offer-bid disparity 2024-05-17

Indonesian thermal coal trading activity faced a downturn due to a significant gap between offers and bids, indicating differing views on the near-term market outlook.On May 17, offers for June-loadin

2 China's coking coal futures up for 2nd day, yet spot market remains weak 2024-05-17

China's coking coal futures prices continued to rise for the second straight trading day, as favorable policy measures, especially for the real estate industry, slightly boosted participants' expectat

3 China Jan-Apr coke production down 2.1% YoY 2024-05-17

China produced 158.48 million tonnes of coke from January to April 2024, down 2.1% from the previous year, showed data from the National Bureau of Statistics on May 17.Coke production in April alone d

4 Weekly China coal market news summary (May 13-May 17) 2024-05-17

China Apr coal output down 2.9% YoYChina churned out 371.67 million tonnes of raw coal in April, falling 2.9% from a year ago, showed data from the National Bureau of Statistics (NBS) on May 17.The de

5 Weekly global coal market news summary (May 13-May 17) 2024-05-17

Int'l thermal coal market rises further as demand rebounds in AsiaThe international thermal coal market was on the rise last week, supported by improving demand from Asian countries like China, India

6 China Apr power generation up 3.1% YoY 2024-05-17

China's power generation of all sources totaled 690.1 TWh in April this year, a 3.1% rise from a year earlier, showed data from the National Bureau of Statistics on May 17.The year-on-year growth acce

7 Drummond Apr coal exports double YoY on strong demand from S Korea 2024-05-17

Drummond, the largest coal company in Colombia, exported 2.44 million tonnes of coal in April, more than doubling the volume in the same period last year, primarily driven by strong demand from South

8 China Coal Daily Track (May 17) 2024-05-17

Thermal coalProduction area?Mine-mouth thermal coal prices ticked down in major producing regions. The price decline was particularly acute in YuYang, Shaanxi province. Softened portside prices added

9 China futures market updates at close (May 17) 2024-05-17

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

10 TotalEnergies teams up with two firms to invest in 1.5 GW solar projects in China 2024-05-17

French energy giant TotalEnergies has joined forces with a Chinese innovation investment fund, co-developed by Cathay Capital and Dajia Insurance, to finance and operate distributed solar power projec

Most Read Articles

1 China Coal Daily Track (May 11) 2024-05-11

Thermal coalProduction area Mine-mouth thermal coal prices continued to rise, partly driven by tightened supply due to frequent inspections. Metallurgical and chemical plants maintained solid interest

2 Weekly: China's anthracite prices drift higher on restocking demand 2024-05-14

China's domestic anthracite market remained stable in the week ending May 10, with price upticks in some grades driven by favorable restocking demand.The anthracite output was slow to recover, owing t

3 China met coal market in figures (May 14) 2024-05-14

China coking coal, met coke and steel market key figures in focus.

4 China thermal coal market in figures (May 13) 2024-05-13

China thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.

5 Guizhou Energy Q1 profit reaches 393 mln yuan 2024-05-11

Guizhou Energy Group Corp., Ltd. in southwestern China's Guizhou province reaped a profit of 393 million yuan ($54 million) and operating revenue of 14.18 billion yuan in the first quarter of 2024, th

6 China's cement market embraces resurgence, yet challenges lingering 2024-05-11

After experiencing a slump in the first quarter, China's domestic cement prices have rebounded significantly since April, buoyed by optimism in the property market. ?As of May 9, benchmark cement pric

7 BHP raises takeover offer to nearly $43 bln, but Anglo American rejects 2024-05-14

BHP raised its bid of taking over Anglo American to £34 billion ($42.7 billion), only to be rebuffed once more, according to a Reuters report.?In late April, BHP had proposed to acquire Anglo American

8 India's coal imports up 7.7% YoY in FY24, mjunction 2024-05-13

India's coal imports totaled 268.24 million tonnes for the fiscal year 2024 (through March 2024), rising 7.7% against 249.06 million tonnes last fiscal, showed data from e-commerce platform mjunction.

9 Shaanxi achieves record daily PV power generation 2024-05-13

Photovoltaic (PV) power generation in northwestern China's Shaanxi province reached 107 GWh on May 6, marking a milestone for its daily output to exceed 100 GWh for the first time, the local grid oper

10 China met coal market in figures (May 13) 2024-05-13

China coking coal, met coke and steel market key figures in focus.