The National Energy Administration Released National Electric Power Industry Statistics for January-August 2023

On September 19, 2023, the National Energy Administration released national electric power industry statistics for the period. As of the end of August, China's cumulative installed power generation capacity reached approximately 2.76 billion kilowatts, an 11.9% year-on-year increase. Of this total, solar power generation capacity reached approximately 510 million kilowatts, a 44.4% year-on-year increase; wind power capacity reached approximately 400 million kilowatts, a 14.8% year-on-year increase.

From January to August 2023, the average cumulative utilization of power generation equipment nationwide was 2,423 hours, a decrease of 76 hours compared to the same period last year. Of this total, hydropower generation operated for 1,984 hours, a decrease of 469 hours; solar power generation operated for 907 hours, a decrease of 40 hours; nuclear power generation operated for 5,116 hours, an increase of 121 hours; wind power generation operated for 1,538 hours, an increase of 79 hours; and thermal power generation operated for 2,999 hours, an increase of 67 hours.

From January to August 2023, major power generation companies nationwide invested 470.3 billion yuan in power generation projects, a year-on-year increase of 46.6%. Of this total, solar power accounted for 187.3 billion yuan, up 82.7% year-on-year; nuclear power for 52.2 billion yuan, up 56.9% year-on-year; and wind power for 114.9 billion yuan, up 38.7% year-on-year. Grid projects saw investment of 270.5 billion yuan, a year-on-year increase of 1.4%.