Page 10 - AsiaElec Week 10 2023

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China’s new wind and solar power

capacity hits record

China’s energy security and green transition looking good

CHINA CHINA has set a new record for its wind and energy storage station.
solar power capacity. In 2022, the newly installed China has made steady increases in various
combined capacity of wind and solar reached 125 energy resources to ensure sufficient energy supply
GW, bringing the total installed capacity of the amidst a volatile global marketplace. Luo Zuoxian,
technologies to more than 1,200 GW. head of intelligence and research at the Sinopec
According to the National Energy Adminis- Economics and Development Research Institute,
tration (NEA), this was a part of China’s efforts to stated that China’s efforts to expand its wind and
ensure energy security and promote green energy solar power capacity will not only promote low-car-
transition. bon energy transition, but will also ensure domestic
During a news briefing, Wang Dapeng, an NEA energy security.
official, reported that 152 GW of renewable energy The NEA announced that it will continue to pro-
was installed last year. This accounted for 76.2% of mote technological innovation in solar and wind
the country’s total newly added installed energy power. It will speed up the construction of solar
capacity. The renewable energy included 37.63 GW and wind power facilities in the Gobi Desert and
of wind power, 87.41 GW of solar power and 3.34 other arid regions, as well as increase offshore wind
GW of biomass. power projects.
As of the end of 2022, renewable energy In recent years, new types of power storage instal-
accounted for 47.3% of China’s total power gener- lations have been gaining momentum in China,
ation capacity. This was an increase of 2.5% on the said the NEA. By the end of 2022, the installed
previous year. China also completed several land- capacity of new power storage projects that had
mark energy projects in 2022, such as the world’s entered operation rose to 8.7 GW, which is more
largest clean energy corridor and a compressed air than a 100% year-on-year increase.™

P10 www. NEWSBASE .com Week 10 08 •March•2023