The National Energy Administration (NEA) released its 2024 statistics on China’s power industry on January 21. By the end of December 2024, the country’s total installed power generation capacity had reached approximately 3.35 billion kilowatts, a year-on-year increase of 14.6%.
Source: China Daily
The National Energy Administration (NEA) released its 2024 statistics on China’s power industry on January 21. By the end of December 2024, the country’s total installed power generation capacity had reached approximately 3.35 billion kilowatts, a year-on-year increase of 14.6%. Solar power accounted for around 890 million kilowatts, marking a robust growth of 45.2%, while wind power capacity stood at approximately 520 million kilowatts, up 18.0% from the previous year.
The report also highlighted a decrease in the average utilization of power generation equipment. In power plants with a capacity of 6,000 kilowatts or more, the average utilization time fell to 3,442 hours in 2024, down by 157 hours compared to 2023. Investment in the power sector continued to rise, with major power generation enterprises allocating 1.1687 trillion yuan to power source projects, reflecting a 12.1% increase year-on-year. Meanwhile, investment in power grid projects grew by 15.3% to 608.3 billion yuan.