China's installed solar power capacity up 44.4% YoY in Jan-Aug 2023

Overall, by the end of August, the total installed power generation capacity touched 2.76 billion kilowatts, reflecting an 11.9 per cent growth compared to the same period last year.

Investments from China's major power companies mirrored this upward trend, with an astounding 82.7 per cent YoY increase in solar power projects, equating to 187.3 billion yuan (approximately $26.11 billion). Furthermore, the nuclear and wind power sectors attracted investments of 52.2 billion yuan and 114.9 billion yuan, registering YoY surges of 56.9 per cent and 38.7 per cent, respectively, as per NEA.

ALCHEMPro News Desk (DP)