Core Insights - As of the end of July, the total installed power generation capacity in China reached 3.67 billion kilowatts, representing a year-on-year growth of 18.2% [1] - Solar power generation capacity reached 1.11 billion kilowatts, with a significant year-on-year increase of 50.8%, while wind power capacity reached 570 million kilowatts, growing by 22.1% [1] - In the first seven months of this year, the newly added power generation capacity was 32.48 million kilowatts, equivalent to more than 14 Three Gorges power stations, with a year-on-year increase of 13.995 million kilowatts [1] - The newly added capacity included 22.325 million kilowatts from solar power, 5.367 million kilowatts from wind power, 4.198 million kilowatts from thermal power, and 589 thousand kilowatts from hydropower [1] - The China Electricity Council predicts that the newly commissioned power generation capacity in 2023 is expected to exceed 50 million kilowatts, with non-fossil energy power generation capacity expected to account for approximately 61% [1] - Investment in grid engineering has seen rapid growth, with a total investment of 331.5 billion yuan in the first seven months, marking a year-on-year increase of 12.5% [1]