Solar power generation investment is expected to grow by 202.6%!

Recently, CCTV reported on "Accelerating the Construction of Major Energy Projects to Promote Stable Economic Operation".
According to Song Wen, Deputy Director of the Planning Department of the National Energy Administration, "China's energy projects under construction are progressing smoothly, and it is expected that an additional 220 million kilowatts of electricity will be generated throughout the year, which will strongly support the stable operation of the economy and society.".
At the beginning of 2022, China Electric Power Union also expected that the scale of new infrastructure installed capacity would reach a new record high in 2022, with an additional installed capacity of about 230 million kilowatts for the entire year, of which about 180 million kilowatts were put into operation for non fossil energy power generation. Among them, the planned increase in wind and photovoltaic power is about 50GW and 90GW.
The National Energy Administration predicts that the addition of new energy key projects this year will drive a year-on-year increase of 202.6% and 13.3% in investment in solar power generation and onshore wind power plans!
At the same time, central enterprises such as Huaneng Group, National Energy Group, and State Power Investment Corporation have also launched a number of major energy projects to expand effective investment and play a role in driving investment.
National Energy Group: It is an important measure to concentrate the construction of a batch of power projects, effectively leverage the investment driving role of central enterprises, and contribute the strength of central enterprises to ensure national energy security, serve the "six stability" and "six guarantees", and stabilize the macroeconomic situation. The group will invest 200 billion yuan in its annual development, striving to achieve the start of 31 million kilowatts of power projects and the production of 22 million kilowatts, including over 20 million kilowatts of new energy and 15 million kilowatts of production.
Huaneng Group: Focusing on the goal of adding 15 million kilowatts of new energy for the whole year, we will expand effective investment and play a driving role in investment, accelerating the implementation and landing of a large number of new energy projects. The total investment in new energy projects that started construction in the first half of the year reached 90 billion yuan, creating more than 50000 job opportunities.
State Power Investment Group: As of April 30, the installed capacity of new energy projects under State Power Investment in 2022 has reached 5.5 million kilowatts, and the grid connected scale has reached 3.15 million kilowatts.
1、 CCTV report: Accelerating the construction of major energy projects to promote stable economic operation
The reporter learned from the National Energy Administration that China is currently accelerating the construction of major energy projects. While enhancing energy security capabilities, it effectively drives investment, expands domestic demand, and promotes stable economic operation.
The 600000 kilowatt photovoltaic energy storage power station built in the coal mining subsidence area of Datong, Shanxi is about to be connected to the grid for power generation, capable of producing 1.2 billion kilowatt hours of green electricity annually.
According to Song Wen, Deputy Director of the National Energy Long term Planning Department, "China's energy under construction projects are progressing smoothly, with an expected annual increase of 220 million kilowatts of installed capacity, which will strongly support the stable operation of the economy and society. At the same time, China will moderately advance the layout of a number of major energy infrastructure construction projects that are conducive to green and low-carbon energy transformation, enhance energy security guarantee capabilities, and lead the high-quality development of industries this year."
The energy security capacity continues to improve, energy project investment accelerates landing, and the construction of the national integrated clean energy base for wind, solar, water, and storage accelerates. 45 new energy projects in provinces and cities such as Qujing, Chuxiong, Dali, and Baoshan in Yunnan have started construction, with an investment of nearly 40 billion yuan. The largest onshore wind power project has been launched at the State Power Investment Corporation's Ulanqab Wind Power Base in Inner Mongolia.
The National Energy Group recently started a batch of offshore wind power, desert photovoltaic and other power generation projects with an investment of over 86.1 billion yuan. It is expected that investment in key energy projects in China will increase by 10.3% year-on-year this year. Investment in these major energy and infrastructure projects will effectively drive the development of related industries and play a very important role in stabilizing China's macroeconomy.
The National Energy Administration predicts that the addition of new energy key projects this year will drive a year-on-year increase of 202.6% and 13.3% in planned investment in solar power generation and onshore wind power, and a year-on-year increase of 51.5% in planned investment in oil and gas storage and transportation facilities. With the advancement of major energy projects, China's modern energy system is accelerating its construction, providing support for high-quality economic and social development.
2、 National Energy Group: Starting 12.38 million kilowatt project!
On May 18th, the National Energy Group held a centralized commencement (pre commencement) ceremony for power projects in 2022, announcing the commencement and pre commencement of 11 power projects in 5 categories, including onshore new energy bases, offshore wind power, large-scale hydropower, coal-fired power expansion and upgrading, and natural gas power generation, with a total installed capacity of 12.38 million kilowatts. The total investment of 11 projects is 86.1 billion yuan, and it is expected to add 48.5 billion kilowatt hours of electricity annually after completion. The project is distributed in 10 provinces and regions, involving 9 subsidiaries of the National Energy Group, of which clean and renewable energy accounts for about 60% of the installed capacity.
The National Energy Group actively plays a role in ensuring supply, promoting transformation, seeking development, stabilizing investment, and increasing momentum, and is willing to take on responsibilities. The concentrated commencement of a batch of power supply projects is an important measure for the National Energy Group to effectively leverage the investment and driving role of central enterprises, and contribute the strength of central enterprises to ensure national energy security, serve the "six stability" and "six guarantees", and stabilize the macroeconomic situation.
This concentrated construction project is part of the major projects of the National Energy Group in 2022. Starting from deepening the implementation of national strategies and promoting clean, low-carbon, and high-quality development, the Party Group of the National Energy Group has proposed the development of hard indicators and tasks. The group will invest 200 billion yuan in annual development, striving to achieve the construction of 31 million kilowatts of electricity projects and the production of 22 million kilowatts, including more than 20 million kilowatts of new energy and 15 million kilowatts of production.
3、 Huaneng Group: Concentrated construction of over 150 new energy projects with a cumulative output of over 10 million kilowatts
On April 26th, China Huaneng Group Co., Ltd. held a groundbreaking ceremony for its new energy projects in the second quarter of 2022. The projects that have started construction this time include the North Line Clean Energy Base, the East Line Offshore Wind Power Base, the Southwest "Wind and Solar Water Storage" Integrated Base, and the Central and Eastern Photovoltaic Projects. More than 150 new energy projects with a cumulative capacity of over 10 million kilowatts have achieved commencement and construction preparation.
This concentrated construction is a major measure taken by China Huaneng Service to build a clean, low-carbon, safe and efficient energy system and achieve the "dual carbon" goals as scheduled. Huaneng will focus on the goal of adding 15 million kilowatts of new energy throughout the year, ensuring the "hard task" of new energy development, and demonstrating its "power" in implementing the "dual carbon" goals and stabilizing the economic foundation.
Since the beginning of this year, China Huaneng has overcome the adverse effects of the epidemic, expanded effective investment, and played a driving role in investment. A large number of new energy projects have accelerated their implementation and landing, and infrastructure investment, including new energy, has increased by nearly 20% year-on-year, with new energy investment accounting for over two-thirds of infrastructure investment. Huaneng will take high-quality new energy projects as the starting point, arrange ahead in the first half of the year, and actively make efforts. The total investment in new energy projects that have started construction will reach 90 billion yuan, creating more than 50000 job opportunities. At the same time, it will drive the coordinated development of upstream and downstream industries such as engineering design, equipment manufacturing, and infrastructure construction, striving to exceed 100 billion kilowatt hours of new energy power generation for the whole year, ensuring that the "hard task" of new energy development is achieved on schedule.
4、 State Power Investment Group: 5.5 million kilowatts of construction started in the first four months
According to the official WeChat account of State Power Investment Corporation of China, as of April 30, the installed capacity of new energy projects in 2022 has reached 5.5 million kilowatts, and the grid connected scale has reached 3.15 million kilowatts.
In 2021, State Power Investment added 23.92 million kilowatts of installed capacity, with a final installed capacity of 195 million kilowatts, and clean energy installed capacity accounting for 61.5%. As of the end of 2021, the installed capacity of photovoltaics was 38.05 million kilowatts, ranking first in the world; The total installed capacity of wind power is 36.16 million kilowatts, ranking second in the world.
Original question: National Energy Administration: Solar power generation investment is expected to increase by 202.6%!