China Adds 39.47GW of PV Installed Capacity from January to February

On March 20, China’s National Energy Administration released its national power industry statistics for January and February. During this period, PV installations increased by 39.47GW, reflecting a year-on-year (YoY) growth of 7.49%. By the end of February, the country's total installed power generation capacity had reached 3.4 billion kilowatts, marking a YoY increase of 14.5%. Among this, solar power capacity grew to 930 million kilowatts, up 42.9% YoY, while wind power capacity reached 530 million kilowatts, rising by 17.6% YoY.

In terms of utilization, the average operating hours of national power generation equipment stood at 505 hours in January and February, a decrease of 61 hours YoY. Investment in power generation projects by major national energy companies totaled 75.3 billion yuan, a slight YoY increase of 0.2%, while investment in grid infrastructure reached 43.6 billion yuan, growing by 33.5% YoY.