Core Insights - As of the end of August, China's cumulative installed power generation capacity reached 3.69 billion kilowatts, a year-on-year increase of 18.0% [1] - Solar power generation capacity reached 1.12 billion kilowatts, growing by 48.5%, while wind power capacity reached 580 million kilowatts, increasing by 22.1% [1] - By 2035, China aims for non-fossil energy consumption to account for over 30% of total energy consumption, with wind and solar power capacity reaching over 360 million kilowatts, six times the 2020 level [1] Group 1 - The total installed capacity of wind and solar power is expected to exceed coal power capacity by July 2024, achieving the 2030 target six years ahead of schedule [1] - The rapid growth in installed capacity is attributed to technological advancements and cost reductions in wind and solar energy [2] - The average conversion efficiency of mainstream n-type TOPCon solar cells in China has reached 25.4%, setting world records [2] Group 2 - China has established the world's largest clean energy supply system, with wind and solar products exported to over 200 countries and regions [2] - Wind power component production accounts for over 70% of the global market, while the photovoltaic industry chain holds over 75% of the global share [2] - A complete industrial chain, leading technology, and continuous innovation capabilities provide a solid foundation for future development [2]