Renewable energy power generation increased by 20% year-on-year in the first three quarters

The total new installed capacity of wind power and solar power generation exceeded 200 million kilowatts

Data Source: National Energy Administration Chart: Cai Huawei

The proportion of new wind and solar power installations in the total new power installations exceeds %.

The first unit of the "Guohe One" nuclear power demonstration project, featuring independent intellectual property rights, has successfully achieved grid connection and power generation.

Investment in key natural gas trunk pipeline projects such as the second line of the Sichuan-to-East Gas Transmission and the fourth line of the West-to-East Gas Transmission continues to be released;

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The National Energy Administration recently released the energy situation in the first three quarters and the grid-connected operation of renewable energy. The data shows that the foundation for energy supply security has been further solidified, and new drivers and vitality for development have been continuously enhanced.

About trillions of yuan—

The completed investment in key energy projects maintained rapid growth in the previous month

Sichuan Ganzi Tibetan Autonomous Prefecture has recently completed the most complex section of wire laying for the Chuan-Yu Ultra-High Voltage AC Project, with the final spacer installed. This section simultaneously crossed the 1000 kV and 500 kV transmission lines, accelerating the project towards its target of commissioning by the end of the year.

As the first ultra-high voltage AC transmission line in the southwest region, the Sichuan-Chongqing Ultra-High Voltage Project has a total investment of billions of yuan. Upon completion, it will transport clean energy from the western Sichuan region to the load centers in the Chengdu-Chongqing area, with an estimated annual transmission of billion kilowatt-hours of clean electricity, said Zhu Lijuan, Deputy Director of the Ultra-High Voltage Construction Management Division of the Construction Department of State Grid Sichuan Electric Power Company.

Dong Wancheng, Deputy Director of the Development Planning Department of the National Energy Administration, introduced that China is promoting the "two major" construction projects in the energy sector, implementing large-scale equipment updates in key energy fields, focusing on driving the "three transformations and linkage" of coal-fired power units, as well as equipment updates and technological transformation in the fields of power transmission and distribution, renewable energy, and clean heating. In the first few months, the investment in key energy projects was approximately 1.3 trillion yuan, a year-on-year increase of 27.5%.

Among them, investment in energy network infrastructure is steadily being released. The construction of cross-provincial and cross-regional ultra-high voltage direct current transmission projects is accelerating, with investments in liquefied natural gas receiving stations in Liaoning, Zhejiang, Guangxi, and Shandong growing rapidly, and ongoing projects are speeding up the formation of physical work volumes.

Investment in non-fossil energy power generation has been steadily increasing. A batch of centralized wind power projects in Hebei, Liaoning, Heilongjiang, Gansu, and Xinjiang are advancing rapidly. Newly approved nuclear power projects in Shandong's Zhaoyuan, Jiangsu's Xuwei, Zhejiang's San'ao, Guangdong's Lufeng, and Guangxi's Bailong are gradually forming physical work volumes.

Investment in New Energy Business Models Blossoms in Multiple Areas. In the first months, investment in new energy storage completed increased by %, and investment in pumped storage completed increased by .%. A series of multi-energy complementary clean energy base projects in Gansu, Qinghai, and Xinjiang are progressing in an orderly manner, while green hydrogen production projects under construction in Inner Mongolia and hydrogen refueling facilities under construction in Henan continue to generate effective investment.

Energy key projects have maintained a rapid growth in investment, further solidifying the foundation for energy supply security and injecting momentum into the high-quality development of the economy and society. As of the end of the month, the total installed capacity of power generation nationwide reached . trillion kilowatts, a year-on-year increase of .%. Coal, oil, and gas production capacities have steadily increased. In the first three quarters of this year, crude oil and natural gas production grew by % and .%, respectively.

In addition, as temperatures drop, heating has begun in northern regions. What is the situation for ensuring heating and power supply during this winter peak period?

Dong Wancheng introduced that it is expected that the national peak electricity load during this winter will be similar to that of the summer, significantly higher than the peak load of last winter. The overall electricity supply is secure, but there are certain pressures locally, such as in some provinces of the North China, East China, and Southwest regions, where electricity supply may be tight during peak consumption periods, necessitating demand-side response measures. In the event of extreme or catastrophic weather, the national electricity supply gap may further widen. The National Energy Administration will strengthen overall coordination and implement multiple measures to ensure the smooth operation of winter heating and energy supply.

100 million kilowatts

The newly added installed capacity of renewable energy power generation accounted for % of the newly added installed capacity of power generation in the first three quarters.

In the middle and lower reaches of the Lancang River, the river water rushes, and the water conservancy stations convert the enormous water energy into electric energy. The "photovoltaic sea" stretches endlessly, and the "wind turbines" stand tall. The construction of the Huaneng Lancang River integrated clean energy base, which combines water, wind, and solar power, is advancing at a rapid pace. Since the beginning of this year, wind and solar power projects with a capacity exceeding 10,000 megawatts have been successively put into operation. In the first few months, the base's new energy power generation has increased by more than 200%.

Shandong Peninsula, with the grid connection of the State Power Investment site project, has seen the full capacity grid connection of China's largest single flat-price offshore wind power project. The project's on-grid electricity price is equivalent to that of traditional coal-fired power, with a total installed capacity of ten thousand kilowatts. After operation, it will generate one billion kilowatt-hours of electricity annually, saving one million tons of standard coal each year.

This year, China has continuously achieved new breakthroughs in the green and low-carbon transformation of its energy sector. In the first three quarters, the country's newly added installed capacity for renewable energy power generation reached . billion kilowatts, a year-on-year increase of %, accounting for % of the total newly added power generation capacity. Among this, hydropower added . million kilowatts, wind power added . million kilowatts, solar power added . billion kilowatts, and biomass power added . million kilowatts. The combined newly added capacity for wind and solar power exceeded . billion kilowatts. As of the end of October, the total installed capacity of renewable energy in the country reached . billion kilowatts, a year-on-year increase of %, approximately accounting for .% of China's total installed capacity.

Regarding electricity generation, in the first three quarters, the national renewable energy generation reached 1. trillion kilowatt-hours, an increase of .% year-on-year, accounting for approximately .% of total electricity generation. Among this, the combined generation of wind and solar power reached 100 billion kilowatt-hours, a year-on-year growth of .%, which was roughly equivalent to the electricity consumption of the tertiary industry during the same period, and exceeded that of urban and rural residential electricity consumption.

Recently, the National Development and Reform Commission and other relevant departments jointly issued a guiding opinion on vigorously implementing the action plan for the substitution of renewable energy, proposing targets such as the nationwide consumption of renewable energy reaching over 1 billion tons of standard coal by the year, and over 2 billion tons of standard coal by the year.

Zhang Xing, Deputy Director General and Spokesperson of the General Office of the National Energy Administration, introduced that the opinion focuses on specific requirements for ensuring the safe and reliable supply of renewable energy, the steady and orderly replacement of traditional energy, and accelerating the application of renewable energy in key areas such as industry, transportation, construction, and agriculture and rural areas.

How to Strengthen the Safeguards for Renewable Energy Substitution? Zhang Xing stated that it is necessary to improve laws, regulations, and standards, clearly defining the rights, obligations, and legal responsibilities of various entities in the development and utilization of renewable energy, and incorporating the application of renewable energy substitution into the green and low-carbon development standards and norms of various fields. Enhance the green energy consumption mechanism, using green certificates as the basis for accounting renewable energy power consumption, and ensuring the fulfillment of consumption responsibilities by key energy-using units. Implement scientific, financial, and fiscal support policies to support the research and pilot application of key technologies for renewable energy substitution. Improve market mechanisms and pricing mechanisms, establishing and perfecting long-term, spot, and ancillary service market trading mechanisms that are suitable for the characteristics of renewable energy. Deepen international cooperation and promote the global adoption of green certificates.

About %——

As of the end of the month, new energy storage has been completed and put into operation, an increase of more than 80% compared with the end of last year

In Jiuquan, Gansu, on the Gobi Desert, the world's first megawatt-scale man-made cavern compressed air energy storage project is intensively under construction, advancing excavation towards the main gas storage cavern deep underground, with a total underground volume of approximately ten thousand cubic meters. The project has a total investment of about one billion yuan and is planned to be completed by the end of next year. Chang Yanfen, the project manager of the Jiuquan project from China Energy Construction's Digital Technology Group, introduced that the compressed air energy storage project can transform the traditional on-demand power generation model of the power system, aiding the large-scale development and utilization of new energy resources in the "Three Norths" regions and ensuring the safe and stable operation of the power system.

New energy storage installations have been steadily increasing. By the end of the month, the country has already completed and put into operation new energy storage facilities with a capacity of 100 million kilowatts/.100 million kilowatt-hours, an increase of about % compared to the end of last year.

With the continuous improvement of call methods, the utilization level of new energy storage is gradually increasing. Bian Guangqi, Deputy Director of the Department of Energy Conservation and Science & Technology Equipment at the National Energy Administration, introduced that in the first months of the year, the cumulative charge and discharge of new energy storage nationwide was approximately 10 billion kilowatt-hours, with an equivalent utilization hour of about 100 hours. In a certain month, the National Power Dispatching Control Center conducted a centralized dispatch test for new energy storage, and the actual maximum dispatchable power of new energy storage in the operating area of State Grid reached 10,000 megawatts, accounting for 10% of the then grid-connected scale of new energy storage. In Guangdong Province, multiple independent energy storage power stations respond to grid dispatch requirements with high-frequency "two charges and two discharges" every day, effectively strengthening the power supply guarantee capability.

Next, the National Energy Administration will also promote the development of the new energy storage industry by strengthening top-level design, driving technological innovation, guiding scientific evaluation, and enhancing international exchanges. Relying on pilot demonstration projects for new energy storage and the first set of major energy technology equipment, the administration will continue to encourage the diversified development of new energy storage technologies and promote technological advancements in new energy storage, said Bian Guangqi. (Ding Yiting)

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