National Energy Administration (NEA) has recently reported that China’s installed renewable energy capacity has shown robust growth in the first quarter amid the country’s pursuit of green transition.
The NEA drafts China’s national energy strategy, implements energy policy, and regulates energy sectors including coal, electricity, oil and gas, and nuclear power.
According to NEA, China saw its newly installed capacity of renewable energy rise 86.5 percent year on year to 47.4 million kilowatts in the first quarter, which accounted for 80.3 percent of the country’s newly installed power generation capacity. It further reported that by the end of March, the installed capacity of renewable energy reached about 1.26 billion kilowatts.
In the first quarter, China’s renewable energy generation rose 11.4 percent year on year to 594.7 billion kWh, among which wind and photovoltaic power generation went up 27.8 percent year on year.
Moreover, analysts opine that China must enhance its energy security by investing more in grid infrastructure to improve its flexibility to cope with demand and supply. Further, according ot analysts, China can enhance its energy security by investing more in grid infrastructure and storage to keep up with the rapid growth in renewable energy to better cope with demand and supply shocks instead of building coal-fired power plants.
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