National Energy Administration Reports 39.47 GW of New PV Installations in First Two Months

National Energy Administration: 39.47 GW of New PV Installations in the First Two Months

On March 20, the National Energy Administration released the national power industry statistics for January-February. Among these, new PV installations reached 39.47 GW, up 7.49% YoY.

By the end of February, the total installed power generation capacity nationwide was 3.4 billion kW, up 14.5% YoY. Of this, the installed capacity for solar power was 930 million kW, up 42.9% YoY; and the installed capacity for wind power was 530 million kW, up 17.6% YoY.

In January-February, the cumulative average utilization hours of power generation equipment nationwide were 505 hours, a decrease of 61 hours compared to the same period last year; the investment in power supply projects by major power generation companies was 75.3 billion yuan, up 0.2% YoY; and the investment in power grid projects was 43.6 billion yuan, up 33.5% YoY.