New energy becomes major power source

Time:2024-12-31 11:04:40      Source:ChinaDaily.com

Installed new energy capacity in the coal-rich Inner Mongolia autonomous region, including wind and solar, has surpassed 120 million kilowatts, exceeding the region's installed thermal power capacity for the first time.

Inner Mongolia has achieved this milestone one year ahead of schedule, most recently having connected a 1-million-kw photovoltaic project to the grid. Its total installed power capacity is now 240 million kw, and its installed thermal power capacity is 117 million kw.

Inner Mongolia possesses abundant new energy resources, with wind energy potential of 1.46 billion kw, accounting for approximately 57 percent of the national figure. Its solar potential amounts to 9.4 billion kw, representing nearly 21 percent of national potential.

Currently, new energy installations connected to the grid in the region generate 270 billion kw hours of electricity annually, equivalent to reducing standard coal use by 84 million metric tons and reducing carbon dioxide emissions by over 220 million tons.

Inner Mongolia also boasts coal reserves totaling 536 billion tons, accounting for nearly one-third of the national total. In 2023, its annual coal production came in above 1.2 billion tons, of which approximately 60 percent was sold outside the region, with about 250 million tons used to generate thermal power within the region.

According to a bulletin posted on the regional energy bureau's website in January, Inner Mongolia at the time planned to shut down three coal mines in 2024 with a total production capacity of 2.1 million tons.

Inner Mongolia has also made great strides in technological innovation in the field of new energy. The region has integrated wind and solar power generation with desertification control, for example, by using solar panels to provide shade and reduce surface water evaporation to enable plant growth beneath. Projects such as this ingeniously combine new energy development with desert ecosystem restoration.

Inner Mongolia can be seen as a microcosm of the rapid growth of China's new energy sector, which has maintained double-digit annual growth in recent years.

Since 2013, the country's installed wind power capacity has grown sixfold, and its installed solar power capacity has surged more than 180-fold. New installations in China account for over 40 percent of the global annual total, contributing significantly to the world's green development.

In the tone-setting annual economic work conference held earlier this month, China's policymakers pledged to accelerate the comprehensive green transformation of economic and social development next year.

To achieve the country's dual carbon goals, China will tighten control over the consumption of fossil fuels, work faster to develop a new energy system, and promote the integrated development of hydro, wind and solar power, said an official from the Office of the Central Committee for Financial and Economic Affairs.

Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-13
Shuozhou 5200 435 0 FOR 06-13
Ordos 5500 415 0 ex-mine 06-13
Yulin 6200 535 0 ex-mine 06-13
Liulin Low-sulphur 570 0 ex-mine 06-13
Gujiao Low-sulphur 1095 0 FOR 06-13
Xingtai Low-sulphur 1210 0 ex-Factory 06-13
Yangquan PCI 770 0 FOR 06-13
Index RMB/t WoW WoW% Date
Qinhuangdao 620.0 -38.0 -5.78 06-12
Caofeidian 528.0 -39.0 -6.88 06-12
Huanghua 178.3 -12.0 -6.31 06-12
Guangzhou 290.0 13.0 4.69 06-12
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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