Energy, Oil & Gas

China's newly installed renewable energy capacity up 47.7pc

BEIJING
China's newly installed renewable energy capacity up 47.7pc
Image by Pidjoe/ iStock

China's newly installed renewable energy power generation capacity surged 47.7 per cent year-on-year to 310 million kilowatts in the first three quarters of this year, the National Energy Administration (NEA) said.

The figure accounted for 84.4 per cent of the country's total newly installed power generation capacity.

Of the total, newly installed hydropower, wind power, photovoltaic power and biomass power capacities came in at 7.16 million kilowatts, 61.09 million kilowatts, 240 million kilowatts and 1.05 million kilowatts, respectively, per NEA data.

This increased capacity has been a robust support for China's power supply, with the country's total renewable energy power generation totalling 2.89 trillion kilowatt-hours in the first three quarters, up 15.5 per cent year-on-year and accounting for approximately 40 per cent of China's total power generation.

Investment in energy has sustained rapid growth. In the first eight months, completed investment in major energy projects topped 1.97 trillion yuan (about $277.9 billion), up 18.2 percent year-on-year, according to the NEA.

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