China’s solar energy investment increased in the period from January to July 202211. November 2022
China’s major energy suppliers observed an increase in solar energy investment in the first seven months of the current year. This is according to official data from the National Energy Administration. For example, investments between January and July rose 304 percent year-on-year to $11.4 billion, the agency reported. Overall, the entire power generation sector saw an increase in investments. The increase here was 16.8 percent year-on-year, with the total amounting to the equivalent of $36 billion. Investments in the power grid increased by 10.4 percent year-on-year to around US$31 billion, according to the National Energy Administration’s surveys. By the end of July 2022, China’s total power generation capacity was about 2.46 billion kilowatts, the authority said. This represents an eight percent increase from 2021. Machinery and components in the power generation sector must usually be awarded a CCC certificate in order for the products to be exported to China or manufactured locally.
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