China Dominates Global Renewable Capacity Growth, Contributes Over 50% in 2023: NEA

Unprecedented Growth in Renewable Energy

In 2023, a staggering 510 gigawatts of new renewable energy capacity were globally installed, with China spearheading the surge by contributing more than 50%, according to the National Energy Administration (NEA).

China’s Pivotal Role in Clean Energy Development

China has emerged as a crucial driving force in advancing global clean energy, becoming indispensable in the clean energy landscape, as highlighted by Pan Huimin from the NEA during a press conference held on the eve of the inaugural International Day of Clean Energy initiated by the United Nations.

International Clean Energy Investment by Chinese Enterprises

Chinese enterprises have extended their clean energy investments abroad, spanning major countries and regions. This involvement encompasses wind, photovoltaic, and hydro power projects, fostering mutual benefits and supporting low-carbon growth initiatives in local communities.

Commitment to Innovation and Global Integration

Simultaneously, China remains committed to fostering technological and product innovation, actively integrating itself into the global clean energy industrial chain. The export of China’s wind and photovoltaic power products to over 200 countries and regions has significantly contributed to reducing electricity generation costs over the past decade.

Open Invitation for Global Collaboration

In a gesture of openness and collaboration, Pan Huimin expressed China’s welcoming stance toward foreign companies interested in investing and conducting business in the country. Additionally, China is ready to collaborate with global partners to propel the ongoing global clean energy transition.

China’s pivotal role in shaping the renewable energy landscape and its commitment to international collaboration mark significant strides toward a sustainable and clean energy future.

Source:china.org.cn

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