China contributes more than half of global renewable energy installations

More than 50%, China contributes more than half of the world's new renewable energy installations

China plays a pivotal role in global clean energy development. A report by the International Renewable Energy Agency (IRENA) points out that during the past 10 years, the average cost of electricity per kilowatt-hour for wind power and photovoltaic power generation projects around the world has cumulatively dropped by more than 60% and 80%, respectively, with a large portion of this attributed to Chinese innovation, Chinese manufacturing, and Chinese engineering. “At present, Chinese wind power and PV products have been exported to more than 200 countries and regions around the world, with cumulative exports exceeding $33.4 billion and $245.3 billion, respectively.” Pan Huimin, deputy director of the International Cooperation Department of the National Energy Administration, said.

Over 30 million kilowatts of new energy storage has been put into operation and the installed capacity continues to grow

Sub-regional point of view, North China, Northwest China's new energy storage development is faster, the installed capacity accounted for more than 50% of the country, of which Northwest China accounted for 29%, North China accounted for 27%. Sub-technology route, since 2023, a number of 300 MW grade compressed air energy storage projects, 100 MW grade liquid current battery energy storage projects, megawatt flywheel energy storage projects started construction, gravity storage, liquid air energy storage, carbon dioxide energy storage and other new technologies landed on the ground to implement, the overall diversified development trend. By the end of 2023, 97.4% of the energy storage capacity of lithium-ion batteries had been put into operation.
 

With 8,596,000 units, China's total charging infrastructure grew 65% year-on-year

The scale of the charging infrastructure system has continued to expand and the network has been accelerated and improved. By the end of 2023, a total of 6,328 service areas nationwide had been equipped with charging facilities, accounting for 95% of the total number of service areas.

11.77 billion cubic meters, rapid growth in coalbed methane production

In 2023, CBM production reached 11.77 billion cubic meters, up 20.5% year-on-year; CBM production accounted for about 5% of domestic natural gas supply, and the incremental share reached 18%, becoming an important supplement to domestic natural gas supply.

Rapid increase in resource proving. in 2023, the national investment in CBM exploration exceeded 3 billion yuan, with new proved geological reserves of about 290 billion cubic meters. Accelerating the construction of production capacity. 2023, the national investment in CBM development will exceed 10 billion yuan, and the new production capacity will exceed 3 billion cubic meters/year.