MNI BRIEF: China Installed Power Capacity Up 17.3% Y/Y

China’s total installed power generation capacity reached 3.75 billion kilowatts as of the end of October, an increase of 17.3% year-on-year, slightly slower than the 17.5% increase during the first nine months, the National Energy Administration announced on Tuesday. 

Solar power installed capacity reached 1.14 billion kilowatts, up 43.8% and wind power installed capacity reached 590 million kilowatts, up 21.4%, the data showed. 

China’s primary energy consumption is expected to peak around 2030 at about 6.8-7.1 billion tonnes of standard coal equivalent, up from 5.96 billion tonnes in 2024, with the share of electricity in total energy use rising from 19.8% to 25%, driven partly by AI-related demand, a government energy policy advisor told MNI. (See MNI INTERVIEW: China AI Demand To Drive)