China's drive towards renewable energy sources continues to gain momentum, with data from the National Energy Administration (NEA) revealing significant growth in the installed capacity of both solar and wind power in the first eight months of the year.
As of the end of August, China's solar power capacity has surged by 44.4 percent year-on-year, reaching a substantial 510 million kilowatts. Simultaneously, wind power capacity has seen a notable increase, standing at approximately 400 million kilowatts, marking a 14.8 percent annual growth rate, according to NEA data.
The nation's total installed power generation capacity has now reached approximately 2.76 billion kilowatts as of the end of last month, reflecting an 11.9 percent increase compared to the same period in the previous year, as reported by the NEA.
China's commitment to green development and renewable energy investment has been a consistent theme in recent years. In the first eight months of this year, major Chinese power companies collectively invested 187.3 billion yuan ($26.11 billion) in solar power projects, registering an impressive 82.7 percent year-on-year surge. Additionally, investments in nuclear and wind power projects reached 52.2 billion yuan and 114.9 billion yuan, respectively, marking substantial increases of 56.9 percent and 38.7 percent from the previous year, as disclosed by the NEA.
