Personal commentary: According to recent data from the National Energy Administration in March, 'wind power installed capacity was about 340 million kilowatts, a year-on-year increase of 17.4%; solar power installed capacity was approximately 320 million kilowatts, a year-on-year increase of 22.9%.'Assuming an initial installed capacity of 650 million kilowatts growing to 1.2 billion kilowatts by 2030, we can see that the annual growth rate would be around 8%, which seems relatively stable.This target serves as a baseline; it remains to be seen if there will be any upside surprises. The installed capacity can be compared with the penetration rate of new energy vehicles. Investment and growth in wind and solar power are relatively predictable, with state-owned enterprises still leading the way.
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Industry Update
The National Development and Reform Commission and the National Energy Administration issued the 'Implementation Plan for Promoting High-Quality Development of New Energy in the New Era'1,Aiming to achieve the goal of reaching over 1.2 billion kilowatts of total installed capacity for wind and solar power by 2030,accelerating the establishment of a clean, low-carbon, safe, and efficient energy system.
Comments
Backed by funding support and the implementation of the 'Plan,' the wind and solar sectors are expected to accelerate, aiding in 'stabilizing growth and ensuring employment.' On May 25, the State Council convened a national teleconference to stabilize the economic landscape...