Renewable energy accounts for 56 pct of China's total installed capacity

Time:2025-02-08 15:36:03      Source:Xinhuanet.com

The newly installed capacity of renewable energy in 2024 accounted for 86 percent of China's total newly installed power capacity, while the cumulative installed capacity of renewable energy made up a record high of 56 percent of the nation's total, according to new data from the National Energy Administration (NEA).

The NEA data released Monday showed that China's renewable energy sector added a new installed capacity of 373 million kilowatts in 2024, representing a year-on-year increase of 23 percent. Hydropower and wind power contributed 13.78 million kilowatts and 79.82 million kilowatts, respectively, while solar power and biomass power increased by 278 million kilowatts and 1.85 million kilowatts.

By the end of 2024, the cumulative installed capacity of the country's renewable energy reached 1.889 billion kilowatts, a 25 percent increase from the previous year. Hydropower accounted for 436 million kilowatts, wind power for 521 million kilowatts, solar power for 887 million kilowatts, and biomass power for 46 million kilowatts.

Last year was the second year that China's cumulative installed capacity of renewable energy power generation has exceeded 50 percent of the country's total installed capacity. By the end of 2023, the renewable energy power generation capacity in China surpassed half of the total installed capacity for the first time in history.

Meanwhile, China's renewable energy generation also reached 3.46 trillion kilowatt-hours in 2024, with a year-on-year rise of 19 percent, accounting for about 35 percent of the total electricity generated. T

The combined power generation from wind and solar energy amounted to 1.83 trillion kilowatt-hours in 2024, a 27 percent increase from 2023. The figure is roughly equivalent to the electricity consumption of the tertiary industry in 2024, and surpasses the residential electricity consumption, which stood at 1.49 trillion kilowatt-hours.

As China strives to achieve its dual carbon goals, the country is vigorously developing a green economy, with renewable energy as one of the engines.

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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