Centre For Research On Energy And Clean Air

China's Power Generation Continues its Remarkable Rise

July 2024 Showcase a Considerable 25% Year-Over-Year Growth

Recent Statistics Highlight the Ongoing Expansion of China's Energy Sector

China's industrial power generation sector has witnessed an impressive 25% year-over-year growth in July 2024, marking a significant milestone in the country's energy development.

This surge in power output is attributed to the combined efforts of various factors, including increased industrial activity, robust economic growth, and government initiatives promoting energy efficiency.

According to Reuters, China's cumulative installed power generation capacity has also experienced a substantial increase, reaching approximately 2.281 billion kilowatts by July 2024, a notable 12.6% year-over-year growth.

• The country's total power output in July 2024 amounted to an impressive 856 billion kilowatt-hours, indicating a substantial 25% increase compared to the same period in 2023.
• Despite China's progress in transitioning to cleaner energy sources, thermal power generation remains a significant contributor, accounting for approximately 62% of the country's total power output in July 2024.
• However, it is worth noting that thermal power generation experienced a slight 1.6% year-over-year decline in July 2024, potentially signaling a gradual shift towards more sustainable energy sources.

China's commitment to clean energy development is reflected in its ambitious target of reducing energy intensity by 25% by 2024. This target has influenced the country's energy policies and spurred investments in renewable energy sources.

According to BP's Statistical Review of World Energy, China is the world's leading investor in renewable energy, with a substantial share of global investments in solar and wind power.

Despite China's significant strides in clean energy, its dependence on coal-fired power plants remains a concern. Energy security considerations have prompted the approval of new coal-fired power plants, highlighting the ongoing challenge of balancing energy needs with environmental sustainability.

Centre For Research On Energy And Clean Air