China’s wind and solar power generation has nearly reached the level of domestic residential electricity in recent years.
China still requires a significant amount of fossil fuels, as evidenced by the relatively low household demand share of overall consumption.
China’s wind and solar output increased by 21% to 1,190 terawatt-hours (Twh) in 2022, according to information gathered by the Chinese National Energy Administration (NEA).
On the other hand, because most people stayed at home during the zero-carbon policy, residential electricity demand increased by 14% to 1,340 Twh last year.
However, the Chinese industry accounts for approximately 60% of all electricity demand, despite the rise in wind and solar power generation and installations.
However, residential demand only accounted for 17% of electricity consumption in 2020.
China needs more fossil fuels, just like the demand for wind and solar is growing. to meet the demand that is growing. China will eventually require more electricity powered by fossil fuels in order to maintain industry and economic growth.
The South China Morning Post reports that China is rapidly expanding its capacity for wind and solar energy.
It is more likely to achieve its renewable energy goal earlier than expected in 2030. In at least 30 Chinese provinces, more ambitious programs for installing renewable energy sources have been announced.
The five-year plan calls for the provinces to add over 300 gigawatts (GW) of wind power and 550 GW of solar power.
Consequently, the province’s total installed capacity would rise to 1,500 GW. According to Jin Boyang, a senior analyst at Refinitiv, exceeding China’s goal of 1,200 GW by 2030.
According to Jin, China is a fast country that intends to meet its national goal of installing renewable energy sources by 2030.
China plans to add 70 gigawatts of coal-fired power generation in 2023 at the same time.
According to a report from the power sector’s group, the increase comes from 40 GW of coal capacity that will be installed in 2022.