According to the National Energy Administration (NEA), China's installed capacity grew rapidly in the first half (H1) of 2023, a result of the country's efforts to advance its green transition. China is the world leader in renewable energy.
According to the NEA, the installed capacity of renewable energy in the United States reached 1.32 billion kilowatts by the end of June, an increase of 18.2 percent compared to the same period last year.
The installed capacity of wind power increased by 13.7% year-over-year to 390 million kilowatts, while the installed capacity of solar power increased by 39.8% year-over-year to approximately 470 million kilowatts.
According to the NEA, the nation's installed power generation capacity reached 2.71 billion kilowatts, an increase of 10.8 percent from the previous year.
In its pursuance of green development, China has increased its investments in renewable energy over the years.
During the first six months of 2023, the total investment in solar energy by China's main power companies increased by 113.6 percent year over year to 134.9 billion yuan ($18.88 billion), according to data from the NEA.
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