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China's solar power generation capacity hits 793 GW, becomes 2nd largest power source

China

China

China

China's solar power generation capacity hits 793 GW, becomes 2nd largest power source

2024-12-15 17:28 Last Updated At:18:37

China's solar power generation has surpassed its wind and hydroelectric power generation to become the country's second largest power generation source, with the installed capacity reaching 793 giga-watts by the end of October this year, according to official data.

Solar power generation facilities installations now account for 24.8 percent of China's total power generation capacity, marking a significant 48 percent increase over the same period of last year.

The geographic distribution of solar power generation facilities installations shows a concentration in eastern and western regions, which together account for almost three quarters of the country's total solar power generation capacity.

Eastern regions predominantly feature distributed solar power generation systems, while western areas focus on utility-scale installations.

"It is expected that the newly-installed capacity of solar power generation will be about 250 million kilowatts in 2024, and the cumulative installed capacity of solar power generation is expected to exceed 850 million kilowatts, accounting for more than a quarter of the total installed capacity in the country," said Yang Kun, executive vice chairman of China Electricity Council.

China's solar power generation capacity hits 793 GW, becomes 2nd largest power source

China's solar power generation capacity hits 793 GW, becomes 2nd largest power source

China's solar power generation capacity hits 793 GW, becomes 2nd largest power source

China's solar power generation capacity hits 793 GW, becomes 2nd largest power source

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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