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)
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