新能源供给比重持续提升

Core Insights - The Chinese energy sector has shown resilience and progress amidst global supply chain disruptions, focusing on stable supply and green transformation to drive high-quality development [1] Group 1: Supply Assurance - The electricity load in China reached new highs during the summer, with national electricity consumption exceeding 1 trillion kilowatt-hours in July and August, marking a historical first [2] - Total installed power generation capacity is expected to exceed 3.8 billion kilowatts, a year-on-year increase of 14%, with total electricity consumption surpassing 10 trillion kilowatt-hours [2] - The coal production is projected to exceed 4.8 billion tons, maintaining a reasonable supply margin, while oil and gas production is set to reach historical highs by 2025 [2][3] Group 2: Green Transition Achievements - As of September 2023, the total installed capacity of renewable energy reached 2.198 billion kilowatts, a year-on-year increase of 27.2%, accounting for 59.1% of the total power generation capacity [4] - The Dashi Gorge Hydropower Project, a significant water conservancy project, is expected to generate over 1.8 billion kilowatt-hours of clean electricity annually, meeting the needs of 650,000 households [4] - The government aims to achieve a total installed capacity of wind and solar power reaching six times the 2020 level by 2035, requiring an annual addition of approximately 200 million kilowatts over the next decade [5][6] Group 3: Winter Supply Readiness - The energy supply for the winter peak is a top priority, with significant improvements in power grid reliability and efficiency through innovative maintenance practices [7] - Coal supply remains robust, with daily production levels exceeding 12 million tons since October [8] - Natural gas supply is stable, with continuous production increases and enhanced storage capabilities, ensuring adequate supply during peak demand [8]