GXED(SH:600617) Sou Hu Cai Jing·2025-10-25 16:13Core Insights - The article highlights the achievements and future goals of China's renewable energy sector, emphasizing the need for full-chain innovation to reach the target of 3.6 billion kilowatts of installed wind and solar power capacity by 2035 [3] Industry Overview - Over the past 20 years, China's installed renewable energy capacity has increased from 820,000 kilowatts to over 1.6 billion kilowatts, with its share in total power generation rising from 0.2% to 42% by the end of last year [3] - China's share of global renewable energy has grown from 1% to over 40%, establishing the country as a significant player in global renewable energy development [3] Current Challenges - In the first eight months of this year, the consumption of renewable energy power has decreased by 2.3% compared to last year, with a continuing downward trend [3] - The photovoltaic manufacturing industry is facing difficulties, with profits dropping from nearly 100 billion in 2003 to a loss of 25.5 billion last year, and the overcapacity issue is severe, being approximately three times the global demand [3] Future Directions - The emphasis is placed on full-chain innovation, which includes significantly enhancing the grid's capacity to absorb renewable energy through technological advancements [3] - The application of intelligent technologies to balance load and generation optimization is crucial for expanding the use of renewable energy [3] - There is a strong push for the large-scale development of renewable energy in green fuels and green chemical raw materials [3]