Newshot China's New Clean Energy Generation Expected to Cover New Electricity Demand by 2030
IT之家 November 14 news, according to CCTV News reports, the Chinese Academy of Macroeconomic Research yesterday (the 13th) released the "China Energy Transition Outlook 2026." The report shows that currently, China's wind power, photovoltaic and other clean energy generation has become the mainstay of new installed capacity, and is gradually becoming the main source of power generation.
In the first three quarters of this year, national renewable energy generation exceeded 3 trillion kWh, accounting for more than 40% of total generation. It is expected that by 2030, China's new electricity demand will be entirely covered by new clean energy generation, with wind and solar power becoming the main source supporting new electricity demand.
According to IT之家 inquiries, in the first half of this year, the share of coal-fired power generation in China fell to 49.7%, falling below 50% for the first time, as coal power is shifting from a main power source to a backstop guarantee and system regulation source. It is expected that China's total energy investment will reach US$940 billion in 2026 (IT之家 note: approximately 6.28 trillion yuan at current exchange rates), ranking first in the world. China's renewable energy technologies still hold a dominant global position, supplying the world with 70% of wind power equipment and 80% of photovoltaic module equipment, driving down global wind and solar power costs by more than 60% and 80% respectively.
Since the beginning of this year, China's renewable energy installed capacity has steadily expanded. In the first three quarters, national new renewable energy installed capacity was 180 million kW, accounting for 71.7% of all new installed capacity, continuing to maintain its position as the mainstay of new installations. Among them, new wind and solar installations accounted for nearly 70% of all new installed capacity.
As of the end of September, national renewable energy installed capacity reached 2.518 billion kW, up 14.6% year on year, accounting for about 60.94% of China's total installed capacity, with photovoltaic power generation becoming the largest power source category by installed capacity.
In addition, in the first three quarters of this year, national renewable energy generation reached 3.13 trillion kWh, up about 8% year on year, accounting for 41.8% of total generation, exceeding the combined electricity consumption of the tertiary industry and urban and rural residents in the same period, and able to meet nearly 40% of society's electricity demand.
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