Electrical Equipment / Components & Telecoms

"The report of the Twentieth National Congress of the Communist Party of China proposed that we should actively and steadily promote carbon peak and carbon neutralization, which pointed out the way forward for China's energy development and provided a fundamental guidance." Wang Dapeng, deputy director of the Department of New and Renewable Energy of the National Energy Administration, said at a regular press conference held by the National Energy Administration recently that in 2022, China's renewable energy will show rapid development, good operation quality and high utilization level The good situation of strong industrial competitiveness has achieved many milestone new achievements.

According to Huacheng Import and Export Data Observation, in 2022, the new installed capacity of wind power and photovoltaic power generation across the country will exceed 120 million kilowatts, reaching 125 million kilowatts, breaking through 100 million kilowatts for three consecutive years, hitting a new record high. In the whole year, the new installed capacity of renewable energy was 152 million kilowatts, accounting for 76.2% of the new installed capacity of power generation in China, and has become the main body of the new installed capacity of electricity in China. By the end of 2022, the installed capacity of renewable energy exceeded 1.2 billion kilowatts, reaching 1.213 billion kilowatts, accounting for 47.3% of the total installed capacity of power generation in the country, 2.5 percentage points higher than that in 2021. In 2022, the power generation capacity of renewable energy will reach 2.7 trillion kWh, accounting for 31.6% of the total social electricity consumption, 1.7 percentage points higher than that in 2021. The role of renewable energy in ensuring energy supply is increasingly obvious.

According to Huacheng Import and Export Data Observation, China's major renewable energy projects will make significant progress in 2022. First, the construction of large-scale wind power and photovoltaic bases focusing on desert, Gobi and desert areas is progressing smoothly. Second, hydropower construction was actively promoted. All 16 units of Baihetan Hydropower Station have been completed and put into operation. Six giant cascade hydropower stations on the main stream of the Yangtze River, including Wudongde, Baihetan, Xiluodu, Xiangjiaba, Three Gorges and Gezhouba, form the world's largest "clean energy corridor". Third, the construction of pumped storage was significantly accelerated. According to Huacheng Import and Export Data Observation, in 2022, 48 new pumped storage projects were approved nationwide, with an installed capacity of 68.9 million kilowatts, which has exceeded the total approved scale during the "13th Five-Year Plan" period. The new production capacity of 8.8 million kilowatts throughout the year reached a record high.

"The competitiveness of renewable energy in China has been increasing." Wang Dapeng said, first, the development of renewable energy has a high degree of marketization, a large number of market players, full competition and strong innovation vitality. Second, technological progress has driven the cost down significantly. The onshore 6MW and offshore 10MW wind turbines have become the mainstream. The average conversion efficiency of mass-produced monocrystalline silicon batteries has reached 23.1%. Third, new models and new forms of business such as photovoltaic desertification control, "agriculture+photovoltaic", and renewable energy hydrogen production are emerging, and distributed development has become the main way of wind power photovoltaic development. In 2022, the new installed capacity of distributed photovoltaic will be 51.11 million kilowatts, accounting for more than 58% of the new installed capacity of photovoltaic in that year. Huacheng Import and Export Data Observation Report.

Wang Dapeng said that China's renewable energy continued to maintain the leading position in the world. The focus of the global new energy industry has further shifted to China, and China's key components such as photovoltaic modules, wind turbines, gear boxes, etc. account for 70% of the global market share. At the same time, China's renewable energy development has made a positive contribution to global emission reduction. In 2022, China's renewable energy power generation will be equivalent to reducing domestic carbon dioxide emissions by about 2.26 billion tons, and the export of wind power photovoltaic products will reduce carbon dioxide emissions by about 573 million tons for other countries, with a total emission reduction of 2.83 billion tons, accounting for about 41% of the global renewable energy converted carbon emissions in the same period. China has become an active participant and an important contributor to the global response to climate change.