China Achieves Remarkable Surge in Renewable Energy Capacity in First 10 Months of 2023

China has experienced substantial growth in its clean energy sector in the initial ten months of the year, aligning with the nation’s commitment to sustainable development.

Solar Power Soars by 47%, Wind Power by 15.6%

According to data from the National Energy Administration (NEA), as of October, China witnessed a remarkable 47% year-on-year expansion in the installed capacity of solar power, reaching an impressive 540 million kilowatts. Simultaneously, wind power capacity stood at approximately 400 million kilowatts, marking a 15.6% annual increase.

Overall Installed Power Generation Capacity Reaches 2.81 Billion Kilowatts

The NEA reported that the cumulative installed power generation capacity in China reached around 2.81 billion kilowatts, reflecting a substantial 12.6% year-on-year growth.

China’s Commitment to Renewable Energy Investment

Demonstrating a steadfast commitment to renewable energy, major solar power companies invested a substantial 269.4 billion yuan (approximately $37.86 billion) in the first 10 months. This represents a remarkable 71.2% surge compared to the previous year.

Pursuing Low-Carbon and Green Development

China’s persistent focus on green and low-carbon development is evident in its significant investments and the substantial growth in renewable energy capacity. The nation continues to prioritize environmentally friendly energy solutions.

As the pursuit of sustainable development gains momentum, China’s achievements in renewable energy further solidify its position as a global leader in clean and green initiatives.

Source:chinadaily.com.cn

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