China’s installed power capacity rose 8% on year at end of Aug, power project investment grew 18.7% in Jan – Aug

 

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China’s stalled capacity of power generation stood at 2.47 billion kW at the end of August, rising 8% from a year ago, showed data released by the National Energy Administration (NEA).

That included about 340 million kW of wind power, rising 16.6% from a year earlier, and about 350 million kW of solar power, rising by 27.2% from a year ago, showed the data.

In the first eight months of the year, the average utilization of power generation equipment reached 2,499 hours, decreasing by 67 hours from a year earlier, according to the NEA.

In breakdown, the average utilization of coal-fired power generation equipment fell 64 hours to 2,930 hours; nuclear power down 224 hours to 4,995 hours; and wind power down 40 hours to 1,460 hours, showed the data.

China’s major power generators invested a total of 320.9 billion yuan in major power projects in the period of January-August, an increase of 18.7% from a year earlier, according to the NEA.

In particular, investment in solar power generation projects reached 102.5 billion yuan in the eight-month period, surging 323.8% from a year earlier, said the NEA.

China invested a total of 266.7 billion yuan in power grid projects in the first eight months of the year, rising 10.7% from the same period last year, showed the data.