Core Insights - Hainan Province has achieved a total installed capacity of 12.08 million kilowatts in renewable energy, with wind power at 2.17 million kilowatts, photovoltaic at 9.45 million kilowatts, and biomass at 460,000 kilowatts, representing 47.8% of the province's total installed capacity [2][3] - The province is leading in energy transition, focusing on the construction of a "clean energy island" as part of its high-quality development strategy [2] - Hainan's energy grid company has made significant progress in integrating renewable energy, with an additional 3.71 million kilowatts of new capacity added this year and a storage capacity of 1.247 million kilowatts, the highest storage ratio in the country [2] Renewable Energy Development - The company has successfully connected three offshore wind farms to the grid, contributing to a total of 2.11 million kilowatts of new renewable energy capacity this year [3] - The integration of renewable energy sources is supported by a new type of energy system that enhances the ability to manage the variability of solar and wind energy [3] - Hainan's energy grid is also focusing on the construction of a power regulation auxiliary service market, which has created over 360 million kilowatt-hours of additional generation capacity for clean energy [3] Strategic Initiatives - The energy grid company is implementing tailored services for renewable energy projects, streamlining processes from planning to grid connection, and reducing connection times by nearly 30% [2] - The company is committed to enhancing the flexibility of coal power and improving the peak-shaving capabilities of nuclear power to meet the higher energy supply demands of the Hainan Free Trade Port [3] - Ongoing efforts include the development of grid-type energy storage and other regulatory resources to ensure efficient consumption of renewable energy [3]

Core Insights - Hainan's installed capacity of renewable energy has surpassed 10 million kilowatts, reaching 10.53 million kilowatts, with a penetration rate exceeding 100%, marking a significant advancement in the construction of a clean energy island and a new power system [2][3] Group 1: Installed Capacity and Composition - As of May 14, Hainan's renewable energy installed capacity reached 10.53 million kilowatts, comprising 2.09 million kilowatts of wind power, 7.98 million kilowatts of solar power, and 460,000 kilowatts of biomass power [2] - Renewable energy now accounts for 45.6% of the total installed capacity in Hainan, making it the largest power source in the province [2] Group 2: Policy and Development Initiatives - Hainan Electric Power Company has actively implemented national "dual carbon" goals since the 14th Five-Year Plan, accelerating the commissioning of renewable energy projects [2] - The company has introduced a comprehensive service guide for renewable energy and energy storage grid connection, streamlining the process and reducing connection time by nearly 30% [2] Group 3: Future Development Plans - Hainan Electric Power Company plans to enhance grid stability by advancing the construction of grid-type energy storage, gas power, and pumped storage resources, while also improving the flexibility of coal power and peak-shaving capabilities of nuclear power [3] - The company aims to establish an electromagnetic transient simulation testing platform to enhance simulation and analysis capabilities, ensuring the safe and stable operation of the grid [3]