Renewable Energy in China Huge Growth and Promising Outlook
TapTechNews August 12th news, according to the information from China's National Energy Administration, as of the end of June this year, China's renewable energy power generation installed capacity reached 1.653 billion kilowatts, with a year-on-year increase of 25%, accounting for about 53.8% of China's total power generation installed capacity.
TapTechNews learned that as of the end of June 2024, China's hydropower installed capacity is 427 million kilowatts, wind power installed capacity is 467 million kilowatts, solar power installed capacity is 714 million kilowatts, and biomass power installed capacity is 45.3 million kilowatts. The combined installed capacity of wind power and photovoltaic power generation (1.18 billion kilowatts) has exceeded the installed capacity of coal power (1.17 billion kilowatts).
In the first half of 2024, the national renewable energy power generation reached 1.56 trillion kilowatt-hours, with a year-on-year increase of 22%, accounting for about 35.1% of all power generation; among them, the combined power generation of wind power and solar power reached 900.7 billion kilowatt-hours, accounting for about 20% of all power generation, with a year-on-year increase of 23.5%, exceeding the power consumption of the tertiary industry (852.5 billion kilowatt-hours) and the power consumption of urban and rural residents (675.7 billion kilowatt-hours) in the same period.
Hydropower construction and operation situation. In the first half of 2024, the national newly added hydropower grid-connected capacity was 4.99 million kilowatts, including 2.19 million kilowatts of conventional hydropower and 2.8 million kilowatts of pumped storage. As of the end of June 2024, the national cumulative installed capacity of hydropower reached 427 million kilowatts, of which 373 million kilowatts of conventional hydropower and 54.39 million kilowatts of pumped storage. In the first half of 2024, the national large-scale hydropower generation was 552.6 billion kilowatt-hours, and the national average utilization hours of hydropower was 1477 hours.
Wind power construction and operation situation. In the first half of 2024, the national newly added wind power grid-connected capacity was 25.84 million kilowatts, with a year-on-year increase of 12%, including 25.01 million kilowatts of onshore wind power and 0.83 million kilowatts of offshore wind power. As of the end of June 2024, the national cumulative wind power grid-connected capacity reached 467 million kilowatts, with a year-on-year increase of 20%, including 429 million kilowatts of onshore wind power and 38.17 million kilowatts of offshore wind power. In the first half of 2024, the national wind power generation was 508.8 billion kilowatt-hours, with a year-on-year increase of 10%, and the national average utilization rate of wind power was 96.1%.
Photovoltaic power construction and operation situation. In the first half of 2024, the national newly added photovoltaic grid-connected capacity was 102 million kilowatts, with a year-on-year increase of 31%, including 49.6 million kilowatts of centralized photovoltaic and 52.88 million kilowatts of distributed photovoltaic. As of the end of June 2024, the national photovoltaic installed capacity reached 713 million kilowatts, with a year-on-year increase of 52%, including 403 million kilowatts of centralized photovoltaic and 310 million kilowatts of distributed photovoltaic. In the first half of 2024, the national photovoltaic power generation was 391.4 billion kilowatt-hours, with a year-on-year increase of 47%, and the national photovoltaic utilization rate was 97%.
Biomass power construction and operation situation. In the first half of 2024, the national newly added biomass power grid-connected capacity was 1.16 million kilowatts, and the cumulative installed capacity reached 45.3 million kilowatts, with a year-on-year increase of 5.7%. The biomass power generation was 103 billion kilowatt-hours, with a year-on-year increase of 4.7%.