NEA: Tight Energy Supply and Demand in 1H, Renewable Energy Installation Capacity Steadily Expanding

SHANGHAI, Jul 30 (SMM) - At the routine press conference of National Energy Administration (NEA), officer LI Fulong summarized the domestic overall energy supply and demand as tightened in 1H, 2021. Coal experienced short supply, and prices fluctuated at high.

In the first half of the year, the cumulative power generation capacity of hydropower, nuclear power, wind power and solar power increased by 10.2% year on year. Specifically, the first units of Baihetan Hydropower Station commenced operation, which was among the world's largest single-power megawatt hydroelectric generating unit, achieving a major breakthrough in China's high-end equipment manufacturing.

By the end of June 2021, the country's installed renewable energy power generation capacity reached 971 million kilowatts, including 378 million kilowatts of hydropower (including 32.14 million kilowatts of pumped storage), 292 million kilowatts of wind power, 268 million kilowatts of photovoltaic power and 33.19 million kilowatts of biomass power had been installed. Renewable energy generation continued to grow. From January to June 2021, the national renewable energy generation reached 1.06 trillion kilowatt hours, including 482.67 billion kWh of hydropower above the scale, up 1.4% year on year; 344.18 billion kWh of wind power, up about 44.6% year on year; 157.64 billion kWh of photovoltaic power generation, up about 23.4% year on year; and 77.95 billion kWh of biomass power generation, up about 26.6% year on year. From January to June 2021, wasted hydroelectricity from major river basins was about 5.364 billion kilowatt-hours, with a utilization rate of about 98.43%, up 0.07 percentage points from the same period last year; the wasted wind power was about 12.64 billion kilowatt-hours, with an average utilization rate of 96.4%, up 0.3 percentage points from the same period last year; wasted photovoltaic power reached 3.32, with average utilization rate of 97.9%, an increase of 0.07 percentage points over the same period last year.

According to a government document, it is proposed that new energy storage is an important initiative to enhance the regulation ability, comprehensive efficiency and safety guarantee ability of energy and power system and to support the construction of new power system. The main objective is to strictly follow phased development with a focus on high-quality large-scale development during the 14th Five-Year Plan period, taking 30 million kilowatts as the basic target to finally realize carbon peak and carbon neutrality.