Energy Transition: Officials: China's New Energy Storage Sector Developing Rapidly, Installed Capacity Exceeds 30 Million Kilowatts
01.25.2024 By Tank Terminals - NEWS

January 25, 2024 [CGTN]- China’s renewable energy storage sector is developing rapidly, with installed capacity in operation exceeding 30 million kilowatts of power by the end of 2023. That’s the key message from the National Energy Administration in Beijing on Thursday. Officials said the newly added installed capacity topped 22 million kilowatts in 2023, up more than 260 percent compared to the end of 2022.


The government says the addition of new energy storage installed capacity has promoted investments worth more than 100 billion yuan, or 14 billion U.S. dollars, since the 14th Five-Year Plan. Officials also introduced the International Day of Clean Energy, which falls on January 26. It was declared by the UN General Assembly to raise awareness and mobilize action for a just and inclusive transition to clean energy for the benefit of people and the planet.

PAN HUIMIN Deputy Director General, Dept. of International Cooperation National Energy Administration “According to the latest data, the world’s newly installed renewable energy capacity hit 510 million kilowatts in 2023 and China has contributed more than 50 percent. Overseas clean energy investments by Chinese firms are spread across major countries and regions, covering major fields such as wind power, photovoltaic power generation, and hydropower.”


Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Sempra Targets Cameron LNG Expansion FID in H1 2025
02.29.2024 - NEWS
February 29, 2024 [LNG Prime]- US LNG exporter Sempra Infrastructure, a unit of Sempra, expects t... Read More
Gastrade: Greece’s first FSRU to Start Commercial Ops by End of April
02.29.2024 - NEWS
February 29, 2024 [LNG Prime]- Greece’s Gastrade expects to launch commercial operations at its... Read More
NFE Expects to Launch Altamira LNG Production in March
02.29.2024 - NEWS
February 29, 2024 [LNG Prime]- US LNG firm New Fortress Energy expects to start production of liq... Read More
Commonwealth LNG Pushes Back FID to H1 2025
02.29.2024 - NEWS
February 29, 2024 [LNG Prime]- Commonwealth LNG has postponed a final investment decision on its ... Read More