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China sees 93% YoY rise in renewable energy capacity in Jan-Sept 2023

01 Nov '23
2 min read
Pic: Adobe Stock/tope007
Pic: Adobe Stock/tope007

Insights

  • China has experienced a remarkable 93 per cent increase in renewable energy capacity year-on-year, reaching 172 million kilowatts in the first nine months of 2023.
  • This makes up 76 per cent of all new installations.
  • Solar energy saw a 145 per cent surge, accounting for 128.94 million kilowatts, while wind power followed with 33.48 million kilowatts.
China has witnessed a significant surge in its renewable energy capacity during the first nine months of 2023, as per the National Energy Administration (NEA). Renewable energy capacity increased by 93 per cent year-on-year (YoY), amounting to 172 million kilowatts (kW) during the first three quarters. This accounted for 76 per cent of all newly added installations in the country.

Solar power installations led the charge, rising 145 per cent YoY to 128.94 million kW, followed by wind power at 33.48 million kW, Wang Dapeng, deputy head of the administration’s new energy and renewable energy department, was quoted as saying by local media reports.

In line with its commitment to harness solar and wind energy, China has expedited construction in the Gobi Desert and other arid regions. Work has commenced on all the first large-scale wind and solar power bases, launched at the end of 2021, totalling around 100 gigawatts of capacity in desert areas. These bases are primarily located in regions like Xinjiang Uygur, Inner Mongolia, and Ningxia Hui, as well as Qinghai, Gansu, and Shaanxi provinces, which are abundant in wind and solar resources.

Furthermore, construction has started on the second group of bases, featuring over 30 million kW of wind and solar power capacity in desert areas. The project list for the third group has also been officially issued.

The steady increase in renewable resources was accompanied by a 20.7 per cent spike in energy investments during the first eight months of this year, reaching nearly 1.5 trillion yuan (around $205 billion), with non-fossil energy projects making up more than 40 per cent of the total national energy investment.

ALCHEMPro News Desk (NB)

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