GXED(SH:600617) Zhong Guo Xin Wen Wang·2025-08-26 04:22Core Insights - The article highlights the rapid and high-quality development of renewable energy in China during the "14th Five-Year Plan" period, characterized by four key aspects: faster growth, higher electricity share, better spatial layout, and greater global contribution. Group 1: Faster Growth - The annual installed capacity of wind and solar power has reached a scale of "hundred million kilowatts," with a total installed capacity increasing from 530 million kilowatts in 2020 to 1.68 billion kilowatts by July 2023, reflecting an average annual growth rate of 28% and accounting for 80% of the newly installed power capacity in the "14th Five-Year Plan" period [1][2]. Group 2: Higher Electricity Share - The share of wind and solar power in China's total electricity consumption has risen from 9.7% in 2020 to an expected 18.6% in 2024, with an average annual increase of over 2 percentage points. In the first half of this year, wind and solar power generation reached 1.15 trillion kilowatt-hours, nearly one-quarter of the total electricity consumption, surpassing the electricity consumption of the tertiary industry and urban-rural residential use [1][2]. Group 3: Better Spatial Layout - The "Shage Desert" has emerged as a new frontier for renewable energy development, with over 130 million kilowatts of new installed capacity. Offshore wind power has added over 35 million kilowatts, providing green energy to coastal provinces. Distributed solar power has also seen significant growth, with over 40 million kilowatts of new installed capacity, including 16 million kilowatts from household solar systems, making over 7 million families "solar landlords" [2]. Group 4: Greater Global Contribution - China has maintained the world's largest installed capacity for wind power for 15 consecutive years and for solar power for 10 consecutive years. By 2024, China's total installed capacity for wind and solar will account for 47% of the global total, with new installations representing 63% of the global market, further solidifying its leading position and receiving widespread international recognition [2].