13.9 C
Berlin

China Energy completes 8.6 GW solar installation in 2021


China Energy Investment Corporation (China Energy) has achieved 8.6 GW solar power installation in 2021, according to Zhang Yuxin, the company’s spokesman said on the recently held 2021 High Quality Development Press Conference.

In 2021, the company achieved a YoY increase of 24.7% in operating revenue, 6% in total profit, 7% in net profit and 10.5% in total labor productivity. The main indicators such as total profit, net profit and asset liability ratio were completed, revealing prominent business resilience and anti-risk ability.

The group has vigorously promoted the large-scale development of clean energy and new energy such as solar and wind power. By the end of 2021, the company accomplished 50 GW wind power installation, remaining the top in the world, as well as 8.6 GW solar capacity, a YoY increase of 4.1%. Some 19.68 GW of new energy are under construction, with a newly installed capacity of 10.89 GW, reaching a record high.

For energy production, in 2021, the group completed a coal output of 570 million tons, a YoY increase of 8.3%; The coal sales volume has reached 770 million tons, a YoY increase of 8.8%. The power generation was 1.1 trillion kWh, a YoY increase of 12.2%, with many production and operation indicators reaching the best level in history.

The group will focus on strengthening energy security and stability in the year to come, and do a good job in improving, deepening and implementing the energy transformation to comprehensively accelerate clean energy development, said Zhang Yuxin.


LEAVE A REPLY

Please enter your comment!
Please enter your name here

You Might Also Like

China’s nuclear giant invests 80 billion in new energy

China National Nuclear Power Co., Ltd (CNNP) announced on March 8 to invest RMB 80 billion (USD 11.6 billion) to develop nuclear power and...

China to witness impressive growth on solar exports

Energy prices have been skyrocketing since the conflict between Russia and Ukraine last year, leading to countries to shift their focus on green energy,...

Research team in China proposes new structure scheme for perovskite solar cells

A research team of University of Science and Technology of China recently has brought up a new structure solution for the long existed "passivation-transmission"...

4 predictions for solar supply chain in 2023: polysilicon, module prices, and more

In 2022, China added a record 87.41 GW of solar PV, with its total installed capacity reaching 392.6 GW. Solar PV additions are expected...

China added record 87.41 GW solar PV in 2022

China has added a record 87.1 GW of solar PV installations in 2022, up by 60.3%, according to the latest power industry statistics released...

China aims for 160 GW wind and solar installations in 2023

China targets 160 GW of new wind and solar installations in 2023, up by 33% year-on-year, according to China’s National Energy Administration (NEA). The accumulative...

Popular Posts

Module shipment ranking 2022: Top 10 manufacturers shipped 240 GW globally

In 2022, the top 10 Chinese manufacturers have shipped over 240 GW modules globally, up 60% and occupying over 90% of global demand, according...

Is solar module recycling really as attractive as it looks?

Since the first batch of modern module manufacturers were put into production around 2002, China has ranked first in the world in terms of...

China’s Yunnan takes special regulation on new energy production safety, may lead to slight impact on solar industry chain

China’s South Yunnan Provincial Emergency Management Department recently has issued the "Special Work Plan for the Safety Production Rectification of Enterprises in the Industrial...

JA Solar to ramp up 50 GW wafer cell

JA Solar announced on March 22 to expand the company's integrated production capacity with 20 GW of silicon wafers and 30 GW of cells...

Renewable energy achieved 9.6% growth despite energy crisis, set record high

By the end of 2022, the global installed capacity of renewable energy power generation has reached 3,372 GW, and the renewable energy stock has...

Mellow Energy announces first large-area perovskite solar module rollout

Mellow Energy, a perovskite solar module manufacturer in China, has announced that its first large-area (30 cm × 30 cm) perovskite solar module has...
Join Our Newsletter

Latest article

AikoSolar to complete 43.5GW cell module within the year

AikoSolar recently has released its annual report 2022, showing outstanding financial results, including significantly improved profitability and record high operating income and net profit,...

TCL Zhonghuan may rise and shine this year for grasping high-purity quartz

TCL Zhonghuan Semiconductor (Zhonghuan)'s net profit increased by 69% last year, but due to the high price of silicon materials, its advantages were not...

Why solar installation exceeds expectation in off-season?

In 2022, due to the impact of the pandemic and the high price of silicon materials, the domestic demand for solar installation was suppressed....

Is solar module recycling really as attractive as it looks?

Since the first batch of modern module manufacturers were put into production around 2002, China has ranked first in the world in terms of...

Upcoming Event

Solar Focus | Meet the Surging Solar Power Needs in Spain

On March 30, Solarbe Global will invite experts from S&P Global Commodity Insights, JA Solar and Aquila Capital to discuss the opportunities and challenges in solar PV deployment in Spain.