A detailed breakdown of the data shows significant growth in renewable energy sectors. Solar power capacity experienced a remarkable 49.8 per cent increase, reaching 740 million kilowatts. Wind power also showed solid growth, with a 19.8 per cent rise compared to the previous year.
From January to July, major power enterprises in China invested 415.8 billion yuan (approximately $58.27 billion) in power supply projects, marking a 2.6 per cent increase from the same period last year. Additionally, investment in power grid projects reached 294.7 billion yuan, reflecting a year-on-year increase of 19.2 per cent, as per Chinese media reports.
ALCHEMPro News Desk (DP)
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