China's installed power generation capacity reached 2.85 TW by the end of November 2023, a 13.6% rise from a year earlier, showed data from National Energy Administration on December 19.

This came after 2.81 TW by the end of October, suggesting 40 GW of new capacity was installed in November.

Hydropower installations totaled 421.34 GW, a 2.7% rise from a year earlier, while thermal capacity reached 1.38 TW, a 4.3% rise year on year. Nuclear capacity rose 2.2% to 56.76 GW.

Wind installed capacity was 412.83 GW, up 17.6% year on year, and solar capacity rose 49.9% to 557.62 GW, data showed.

During January-November, utilization of all power generation units averaged 3,282 hours, down 94 hours from a year earlier, official data showed.

Specifically, the utilization of hydro-based units declined 292 hours to 2,927 hours. The operation of solar units declined 42 hours to 1,218 hours. Nuclear, thermal and wind operations rose 101 hours, 61 hours and 21 hours to 7,001 hours, 4,040 hours and 2,029 hours, respectively.

During the same period, coal-based power plants averagely consumed 303.4g of standard coal to generate 1 KWh of power, down 0.1 g/KWh from a year earlier.

China invested a total of 771.3 billion yuan ($108.78 billion) in major power projects over January-November, a 39.6% increase year on year, data showed.

Investment on solar farms soared 60.5% to 320.9 billion yuan ($45.26 billion) and nuclear power rose 45.3% to 77.4 billion yuan ($10.92 billion). The investment on grid projects rose 5.9% to 445.8 billion yuan ($62.87 billion).

(Writing by yan.sun  Editing by Harry Huo)
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