China's solar power capacity surges 36.6% YoY in Jan-April 2023

The country’s wind power capacity grew by 12.2 per cent year-on-year (YoY) in the first four months of 2023, reaching approximately 380 million kilowatts by the end of April.

Overall, China's installed power generation capacity, which includes both renewable and non-renewable sources, experienced a substantial uptick, rising 9.7 per cent from a year earlier to approximately 2.65 billion kilowatts, according to Chinese media reports.

During the first four months of the year, the country's major power companies invested a staggering 74.3 billion yuan (approximately $10.6 billion) in solar energy. This is a YoY increase of 156.3 per cent.

The increase is largely attributed to China's bolstered investments in renewable energy as the country moves towards its objective of green development.

China has made a commitment to reach its peak of carbon dioxide emissions by 2030. Furthermore, the country aims to achieve carbon neutrality by 2060.

Fibre2Fashion News Desk (DP)