Core Viewpoint - The Chinese solar thermal power industry is growing at a rate significantly higher than the global average, with a compound annual growth rate of 11.7% compared to the global rate of 4.24% [1] Industry Growth and Capacity - By the end of September 2025, China is expected to have built 21 solar thermal power plants with a total installed capacity of 1.57 million kilowatts, ranking third globally [1] - There are currently 30 projects under construction with an additional capacity of 3.1 million kilowatts, making China a major contributor to new installations in the solar thermal sector [1] Cost Reduction and Technological Advancements - The on-grid electricity price for solar thermal power in China has decreased from 1.15 yuan per kilowatt-hour to approximately 0.6 yuan per kilowatt-hour [1] - The industry is expected to see further cost reductions and enhanced competitiveness during the 14th Five-Year Plan period [1] - China has achieved over 95% localization in technology and equipment for solar thermal power, mastering key technologies such as tower, trough, and Fresnel systems [1] Role of Leading Enterprises - Leading companies like China General Nuclear Power Group (CGN) are playing a crucial role in advancing technology independence, having developed innovative products that fill domestic gaps [2] - CGN is constructing a solar thermal molten salt trough test platform, which is the only project in the solar thermal field included in the first batch of the Central Enterprise Technology Achievement Application Expansion Project [2] Industry Scale and Policy Support - The solar thermal power industry chain in China consists of approximately 440,000 entities, including 14,000 state-owned enterprises and 421,000 private enterprises [3] - In 2024, an additional 250,000 kilowatts of solar thermal power capacity is expected to be added, with the total operational capacity exceeding 800,000 kilowatts [3] Future Outlook - The global solar thermal power industry is projected to grow, with installed capacity expected to reach 22.4 million kilowatts by 2030 and about 10% of global electricity supply coming from solar thermal by 2050 [4] - China's theoretical development potential for solar thermal resources exceeds 1 billion kilowatts, primarily located in resource-rich areas such as Xinjiang, Tibet, Inner Mongolia, Qinghai, and Gansu [4]
中国光热产业增速超全球两倍，建成电站装机居全球第三