On August 23, China's National Energy Administration released statistical data on the national power industry for the period from January to July. By the end of July, the country's total installed power generation capacity reached approximately 3.1 billion kilowatts, an increase of 14.0% year-on-year. Among this, solar power installed capacity reached about 740 million kilowatts, a year-on-year increase of 49.8%, and wind power installed capacity reached about 470 million kilowatts, a year-on-year increase of 19.8%.

According to the Energy Administration's data, from January to July 2024, the newly installed photovoltaic (PV) capacity in the country was 123.53 GW, with an estimated 21.05 GW of new installations in July alone, which is a 9.8% decrease compared to 23.33 GW in June.

It is noteworthy that according to data from the National Energy Administration, as of July 2024, the cumulative installed capacity of PV and wind power has already surpassed 1.21 billion kilowatts, achieving the 1.2 billion kilowatts target for wind and solar power set for 2030, five years ahead of schedule.

In a speech at the Climate Ambition Summit on December 12, 2020, it was mentioned that by 2030, China's carbon dioxide emissions per unit of GDP will be reduced by more than 65% compared to 2005, non-fossil energy will account for approximately 25% of primary energy consumption, forest stock will increase by 6 billion cubic meters compared to 2005, and the total installed capacity of wind and solar power will exceed 1.2 billion kilowatts.

Source：Solarzoom