国家能源局：1-10月光伏发电装机容量同比增43.8%，延续回暖态势

Core Insights - As of the end of October, China's total installed power generation capacity reached 3.75 billion kilowatts, marking a year-on-year increase of 17.3% [1][2] - Solar power generation capacity reached 1.14 billion kilowatts, with a significant year-on-year growth of 43.8%, while wind power capacity increased by 21.4% to 590 million kilowatts [1][2] - The data indicates a recovery in the solar industry, with October seeing a new photovoltaic installation capacity of 12.6 GW, a 30.4% increase from September [3][4] Installed Capacity Breakdown - Total installed capacity: 3.75 billion kilowatts, up 17.3% year-on-year [2] - Hydropower: 443.88 million kilowatts, up 3.0% [2] - Thermal power: 1.51473 billion kilowatts, up 6.0% [2] - Nuclear power: 62.48 million kilowatts, up 7.6% [2] - Wind power: 590.39 million kilowatts, up 21.4% [2] - Solar power: 1.14018 billion kilowatts, up 43.8% [2] Recent Trends and Developments - The fourth quarter is typically a peak construction season for the solar industry in China, but recent policy adjustments have altered this seasonal pattern [4] - The simultaneous increase in solar, wind, and thermal power installations reflects China's multi-path approach to enhancing its power system to meet growing electricity demand and optimize energy structure [4] - New installations in October included 8.9 GW of wind power and 8.4 GW of thermal power, indicating a balanced growth across different energy sources [4]