S China's five provs see new energy installations outpace coal-fired power in Q1

sxcoal.com Production & Sales 2024-04-12 08:50:50

Southern China has seen a significant rise in new energy power capacity in the first quarter, state media CCTV reported on April 10.

 

The region, including Guangdong, Guangxi, Yunnan, Guizhou, Hainan, collectively added 12.54 GW of new energy capacity during the period, surging 72% compared to the same period last year, according to CCTV.

 

The addition has brought the new energy installed capacity to 145 GW in total, accounting for 32% of their total capacity. This marked the new energy caapcity has topped coal-fired power for the first time, becoming the largest power source in the region.

 

Breaking down by provinces, new energy installed capacity in Guangdong, Guangxi, Yunnan, Guizhou, and Hainan reached 50.16 GW, 29.32 GW, 38.6 GW, 20.52 GW, and 6.39 GW, respectively. These figures represented 27-44% of the total installed capacity in each province. Notably, Guangxi and Hainan both saw new energy take the lead as the primary power source.

 

New energy persistently contributed to these provinces' power generation over 2021-2023. Newly-added installed capacity from new energy sources accounted for 63% of the total in the past three years. As of the end of 2023, new energy installations exceeded 132 GW, doubling compared to 2020 levels.

 

The maximum daily new energy power generation hit record highs six times since the beginning of this year, peaking at 1.04 TWh. Total new energy generation in the five provinces surged 67% from a year ago to 65.3 TWh.

 

The installed capacity of new energy power generation in the five provinces is expected to increase to 168 GW by the end of 2024, taking the share to 37.3% in the power mix, according to China Southern Power Grid.

 

(Writing by yan.sun  Editing by Alex Guo)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editor's Pick

1 Indonesian thermal coal prices stable amid subdued demand from China 2024-05-24

Indonesian thermal coal prices continued to move sideways on May 24, influenced by reduced demand from China due to heavy rainfall impacting power generation and coal consumption.Offers for June-loadi

2 Weekly China coal market news summary (May 20-May 24) 2024-05-24

China's portside thermal coal prices tend to stabilize amid high stocksChina's domestic thermal coal market was adversely affected by high stockpiles at northern transshipment ports, prompting traders

3 Weekly global coal market news summary (May 20-May 24) 2024-05-24

Newcastle thermal coal prices dip to $140/t on harsh monetary policyNewcastle thermal coal futures continued to fall this week, due to concerns about the U.S. delaying interest rate cuts, now at a 23-

4 China's coking coal picks up, coke ceases fall on hope for property support 2024-05-24

China's coking coal prices shifted to the upward trajectory and metallurgical coke prices ceased decline, as participants expected increased demand from steel mills following Beijing's efforts to stab

5 China's mine-mouth thermal coal prices buoyed by leading miner's price hikes 2024-05-24

China's mine-mouth thermal coal market exhibited an upward trend, supported by two consecutive hikes in purchasing prices for third-party coal by the nation's leading mining group during the week.Of t

6 China futures market updates at close (May 24) 2024-05-24

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

7 China Coal Daily Track (May 24) 2024-05-24

Thermal coalProduction area Thermal coal prices continued the upward trend in major producing regions. Disrupted by safety inspections, more mines that are about to complete monthly production tasks o

8 India to discuss met coke import quota 2024-05-24

India's government is about to convene a meeting on May 28 to discuss issues with regard to the imposition of quantitative restrictions on low-ash metallurgical coke imports, as a sudden influx of the

9 India grapples with blackouts amid sweltering heatwave 2024-05-24

Scorching weather has sent power demand soaring in India, leading to prolonged power outages crippling daily life across the nation.On May 20, New Delhi experienced record-breaking temperatures exceed

10 China's Apr hydropower output climbs over 20% YoY 2024-05-24

China's hydropower generation in April increased notably over the same period last year amid increasing precipitation entering the rainy season, maintaining a positive year-on-year growth for seven mo

Most Read Articles

1 Weekly: China's coking coal prices decline on sidelined sentiment 2024-05-20

China's coking coal market retreated last week, with some grades down 50-100 yuan/t, pressed by tightened supply and weakened demand amid thick wait-and-see stance. Online transactions also encountere

2 Weekly: China's met coke market sours after 5th price rise fails 2024-05-20

Chinese metallurgical coke market softened overall last week and participants shifted to a bearish outlook after the fifth price hike failed to be accepted by steelmakers and the emerging price cut re

3 Risun Wei Shan Indonesia commissions 4th coke oven 2024-05-21

PT Risun Wei Shan Indonesia, a coke producer backed by China Risun Group in the southeastern Asian country, successfully commissioned its No.2 coke oven on May 18, the group said on its website.The co

4 China Coal Daily Track (May 20) 2024-05-20

Thermal coalProduction area Mine-mouth thermal coal prices stayed range-bound in major producing regions amid thickened sidelined sentiment. Metallurgical and chemical plants slowed down restocking ac

5 Challenges persist for Guizhou's coal emergency reserves 2024-05-21

Southwestern China's Guizhou province fell short of fulfilling less than 40% of its planned coal emergency reserves in 2023, according to inspection results released by the local authorities, indicati

6 Asian heatwave fuels Newcastle coal prices 2024-05-20

Newcastle thermal coal futures have stayed above $140/t for three days, supported by strong demand and a positive outlook in Asia.?Despite a slight 0.35% dip in the June contract on ICE on May 17 to $

7 Intelligent coal mines account for over a half in Inner Mongolia 2024-05-20

Inner Mongolia autonomous region has made fast advancements in coal mines' intelligent construction, building up 155 smart coal mines as of end-April this year, accounting for over a half of the total

8 Weekly: China thermal coal prices capped by weak demand; seaborne market edges up 2024-05-20

China's domestic thermal coal market lost its upward momentum last week after the buying took a pause. However, new purchases are expected to enter the pipeline this week as the market anticipates hig

9 Summit Focus | China's coal demand to increase 4% this yr 2024-05-21

China's coal demand is forecast to grow at least 4% this year, factored in various uncertainties and factors, an industry expert said at a market seminar last week.The forecast is made based on a 6% r

10 Mongolia Apr coal output up 25.2% YoY; iron ore up 179.9% 2024-05-21

Coal production of Mongolia came in at 7.76 million tonnes in April 2024, rising 25.22% year on year yet falling 5.99% month on month, showed data from the National Statistical Office of Mongolia.The