How much money did China spend on power grid investment?

ate and Energy Analyst China, Climate Energy Fi l new spent on power grid investmentUS$bn 84.7 15%Source: National Energy Administration (NEA), CEF Esti atesIn CY2024, China hit a new record of annual net new capacity added to the grid at 429GW, a 21% y-o-y increase. Of this, wind and solar power com

How many mega wind and solar bases are there in China?

The first wave of "mega wind and solar bases" was announced in 2021 and spanned across 19 provinces. Most of the 97 GW in this first wave began operating in 2023 as scheduled, accounting for a third of China’s newly-operating capacity, pointing to a promising future for the second and third waves.

How big is China's Wind power capacity?

ower capacity, which reached 521GW, comprising 16% of total installed capacity, a substantial 18% y-o-y increase. Since 2013, installed wind power capacity in China has increased sixfold, with an average annual growth of 20%,

How much solar power does China have in 2023?

China added almost twice as much utility-scale solar and wind power capacity in 2023 than in any other year. 3 By the first quarter of 2024, China’s total utility-scale solar and wind capacity reached 758 GW, though data from China Electricity Council put the total capacity, including distributed solar, at 1,120 GW.

What is the summary of China's Energy and Power Sector Statistics?

The Summary of China's Energy and Power Sector Statistics is one of the research results of the China Energy Transition (CET) programme. It is published annually as a March special issue of the China Energy Policy Newsletter.

Is China leading the world in New solar and wind installations?

Costfoto / NurPhoto via Getty Images China is leading the world in new solar and wind installations and doing so at a record-shattering pace. In May 2025 alone, the country added 93 gigawatts of solar capacity, or nearly 100 solar panels per second, and 26 gigawatts of wind capacity, or about 5,300 wind turbines.