新能源量质齐升有支撑

Core Insights - The report indicates that China's renewable energy generation capacity will reach a historic high in 2024, contributing over 60% of the global new renewable energy capacity, with an expected addition of 280 million kilowatts in wind and solar power generation [1][2] Group 1: Renewable Energy Capacity Growth - In 2024, cumulative wind power capacity is projected to reach 520 million kilowatts, while cumulative solar power capacity is expected to hit 890 million kilowatts [2] - The report highlights significant advancements in technology, with onshore wind turbine capacity increasing to 15 megawatts and offshore wind turbine capacity reaching 26 megawatts [2] - The development of new energy storage solutions is trending towards centralized and large-scale systems [2] Group 2: Market and International Cooperation - Market-based trading of green electricity and certificates is expected to achieve a breakthrough, with a trading volume of 4,460 billion kilowatt-hours in 2024, representing a year-on-year increase of 364% [3] - China has contributed one-third of global investments in clean energy transition, signing contracts worth a total of $38 billion for overseas hydropower, wind, and solar projects [3] Group 3: Hydropower's Role - Conventional hydropower capacity is projected to reach 377 million kilowatts in 2024, accounting for 11.3% of the power system, with a generation volume of 1.36 trillion kilowatt-hours, representing 13.7% of the national total [4] - Hydropower is crucial for providing flexible support to the power system, enhancing the consumption of new energy [4] Group 4: Transition to Market and Technology-Driven Models - The transition from policy-driven to market and technology-driven models is underway, with new renewable energy projects entering the market as of June 1, 2023 [6][7] - The long-term demand for energy consumption in China is expected to continue growing, with wind and solar power remaining central to energy transition efforts [6][7] - The marketization of electricity pricing is seen as essential for improving resource allocation efficiency, despite potential short-term price fluctuations [6]