Core Insights - The National Energy Administration reported that as of the end of October, China's total installed power generation capacity reached 3.75 billion kilowatts, representing a year-on-year growth of 17.3% [1] - Solar power generation capacity reached 1.14 billion kilowatts, with a significant year-on-year increase of 43.8%, while wind power capacity reached 590 million kilowatts, growing by 21.4% [1] - The average utilization of power generation equipment for the first ten months of the year was 2,619 hours, a decrease of 260 hours compared to the same period last year [1] - Bloomberg noted that the fourth quarter is typically a peak installation period for the solar industry in China, but the new market-based pricing mechanism implemented on June 1 led developers to complete projects earlier, resulting in a decline in summer demand [1] - Despite the fluctuations, the overall outlook for the solar industry remains strong, with BloombergNEF forecasting a 21% annual growth driven by the solar sector, which is expected to be less affected by the new pricing policy [3]