China's Electricity Generation Shifts as Coal Contribution Falls Below 50%
For the first time, coal accounted for less than half of China's electricity generation in H1 2023, marking a significant step towards cleaner energy. Renewable sources contributed over 40%, with wind and solar alone generating nearly a quarter of total electricity, indicating the country's ongoing energy transition.
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In the first half of 2023, coal-fired power plants generated 49.7% of China's electricity, as reported by the National Energy Administration. Renewable energy sources surpassed 40%, with wind and solar contributing nearly 25%.
Despite this decline in coal's share, absolute coal usage rose due to increased electricity demand driven by high-tech manufacturing and data centers. Investment in power infrastructure grew by 14% year-on-year, while energy storage investments surged by 74%. However, renewable energy projects face challenges, as the grid struggles to manage rising production levels, leading to decreased utilization rates for solar and wind energy during this period.
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