New energy targets realized ahead of deadline
China DailyA vast expanse of solar panels shadows the surface of a semi-desert in Northwest China's Qinghai province, turning it into a photovoltaic park. According to data from the Chinese National Energy Administration, by the end of July 2024, the total installed capacity of power generation nationwide reached 3.1 billion kilowatts. Of this, solar power had an installed capacity of about 740 million kilowatts while that of wind power was around 470 million kilowatts, realizing early the commitment made six and a half years earlier for wind and solar power combined installed capacity to reach 1.2 billion kilowatts by 2030. In May, the NEA issued a notice on a batch of new energy supporting grid projects aimed at enhancing system regulation capabilities, improving the grid-connection performance of new energy sources, strengthening grid resource allocation capabilities, and leveraging the role of the power market mechanism. In July, departments including the NEA and National Development and Reform Commission jointly released an action plan for building a new type of power system from 2024 to 2027, planning nine special actions over the next three years including building a stable power system guarantee and the construction of an intelligent dispatch system.