Energy industry to witness boom times

China has made significant progress in the development of renewable energy, with the installed capacity of wind and solar power totaling 1.35 billion kW as of end-2024. This accomplishment fulfills the country's commitment made at the Climate Ambition Summit six years ahead of schedule, according to the National Energy Administration.

Newly increased renewable energy installations in China surpassed 300 million kW last year, constituting over 85 percent of all new installations, while the energy self-sufficiency rate was maintained above 80 percent, said the NEA.

At present, the national wind power installed capacity stands at around 510 million kW, and solar power installed capacity at approximately 840 million kW. Their utilization rates exceed 95 percent.

Meanwhile, China is intensifying efforts to bolster energy infrastructure construction, initiating 194 energy and power facility renewal projects. Advanced technologies continue to set new benchmarks, exemplified by the production of the world's largest 26-megawatt offshore wind turbine unit in Fujian province, and the constant record-breaking solar cell efficiencies. China's nuclear power capacity, both operational and under construction, has surged to the global forefront, underscoring China's pivotal role in driving global energy transformation and battling climate change, the NEA said.

Francesco La Camera, director-general of the International Renewable Energy Agency, highlighted China's essential role in leading the global shift toward sustainable practices.

"China is providing the world the panel, the blade, storage facilities at a reasonable price … the country is pushing the global energy transition," said La Camera.