In the first eight months of 2022, the investment in photovoltaic power increased by 323.8% year-on-year

2022 09/22

On September 21, the National Energy Administration released statistics on the country's power industry from January to August. Major power generation enterprises nationwide invested 320.9 billion yuan in power supply projects, up 18.7 percent year on year. Among them, the fastest and largest investment is photovoltaic power generation, reaching 102.5 billion yuan, a year-on-year growth of 323.8%. Investment in thermal power plants grew the next fastest, by 60.1%, to 48 billion yuan.

Under the "double carbon" target, photovoltaic maintains a high development momentum. By the end of August, photovoltaic has become the second largest power source in China, second only to thermal power, with the installed power generation capacity of about 350 million kW, up 27.2% year on year, accounting for 14.2%; The cumulative total exceeded 340 million kW of wind power installed capacity, accounting for 13.8%, up 16.6% year on year.

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