On July 31, according to data released by China's National Energy Administration, as of the end of June, China's installed capacity of renewable energy reached 1.322 billion kW, historically surpassing coal power and accounting for about 48.8% of China's total installed capacity.
The total installed capacity of power generation in the country has reached 2.71 billion kW, up 10.8% YoY. Among them, the installed capacity of hydropower is 418 million kW, the installed capacity of wind power is 389 million kW, the installed capacity of photovoltaic power generation is 470 million kW, and the installed capacity of biomass power generation is 43 million kW.
With the installed capacity of renewable energy growwing rapidly in China, the demand for various sources in the power system has grown rapidly. As a result, new energy storage projects increased a lot in China. By the end of June 2023, the cumulative installed capacity of new energy storage in operation in the country exceeded 17.33 million kW/35.8 million kWh, with an average energy storage time of about 2 hours. From January to June 2023, about 8.63 million kW/17.72 million kWh of new installed capacity was put into operation, equivalent to total cumulative installed capacity of previous years.
In the first half of 2023, the cumulative electricity consumption of the whole society was 4.3 trillion kWh, up 5% YoY. The national renewable energy power generation capacity is 1.34 trillion kWh, of which wind power and photovoltaic power generation is 729.1 billion kWh, up 23.5% YoY.