Since the beginning of this year, China’s installed capacity of renewable energy sources has maintained increasing pace, which is in keeping with the country’s ongoing efforts to green its development. According to figures provided by the National Energy Administration, China’s total installed power generation capacity had reached approximately 2.5 billion kilowatts by the end of October. This represented an increase of 8.3 percent year on year.
To be more specific, the installed capacity of wind power increased by 16.6 percent from a year ago to 350 million kilowatts, and the installed capacity of solar power came in at 360 million kilowatts, representing an increase of 29.2 percent from the previous year. This year, the nation has increased its investment in renewable energy, speeding up the development of large-scale wind generating facilities and photovoltaic bases, particularly in arid areas. The total investment of China’s major power generation enterprises in solar power climbed 326.7 percent year on year to 157.4 billion yuan in the first ten months of 2018. (About 22 billion U.S. dollars).