锐财经｜供应更足 韧性更强

Core Insights - During the "14th Five-Year Plan" period, China has established the world's largest and fastest-growing renewable energy system, with the share of renewable energy generation capacity increasing from 40% to approximately 60% [1] Energy Supply and Self-Sufficiency - China's energy self-sufficiency rate has consistently remained above 80% during the "14th Five-Year Plan" period, demonstrating strong energy supply capabilities and resilience [2] - In July, China's monthly electricity consumption exceeded 1 trillion kilowatt-hours for the first time, equivalent to Japan's total annual electricity consumption [2] - Domestic energy production has accelerated, with over 90% of the increase in energy consumption being self-supplied, highlighting the significant role of renewable energy [2] Investment Trends - Energy industry investment has shown robust growth, with an annual average growth rate exceeding 16%, particularly in electricity and heat production, which has seen investment growth rates surpassing 20% [4][5] - The total investment in the energy sector has consistently broken through significant thresholds, with cumulative investments accounting for nearly 10% of total fixed asset investments in society [4] - Renewable energy investments are projected to account for over 80% of power investment by 2024, indicating a strong shift towards green energy [4] New Energy Development - China's wind and solar power generation capacity has increased from 530 million kilowatts in 2020 to 1.68 billion kilowatts by July 2023, with an annual growth rate of 28% [6][7] - Wind and solar power now account for 18.6% of total electricity consumption, up from 9.7% in 2020, with significant contributions to overall energy supply [7] - China continues to lead globally in wind and solar power installations, with 47% of the world's total capacity and 63% of new installations in 2024 [7]