Key Developments in Renewable Energy Transition and Market Expansion

Key

Core Performance Indicators for Energy Transition

As major energy companies continue to expand their operations, significant developments in renewable energy are expected. These advancements are crucial as we move toward a more sustainable energy future.

On October 7, 2025, the market data revealed that the latest reports indicate an increase in renewable energy generation. The report, published on September 27, highlighted the ambitious targets set for renewable energy development, which are expected to improve the resilience and flexibility of the electrical grid.

By 2025, the total installed capacity of renewable energy sources, including solar, wind, and hydropower, is anticipated to reach approximately 35% of the overall energy generation mix. This projection signifies a substantial increase from 30% in 2023, marking a historic high.

The forecast for 2024 indicates that renewable energy generation (including hydropower, wind, solar, and biomass) will account for 32% of the total energy supply, reflecting a notable rise compared to previous years.

China is expected to contribute over 50% of the projected renewable energy generation capacity. By 2024, China’s solar power generation is projected to increase by 250 TWh, achieving a growth rate of 53% for solar energy and 58% for wind energy.

As renewable energy generation surpasses 15% of total energy output, the electrical grid is expected to adapt to increased demand, with a focus on enhancing system flexibility and reliability.

To facilitate this transition, the government is prioritizing the development of energy storage systems, which are vital for stabilizing the grid and supporting the integration of renewable energy sources into the market.

In January 2025, new policies will be introduced to enhance the existing infrastructure for renewable energy generation, aiming to improve the efficiency and cost-effectiveness of power production.

The overall capacity target is set to reach 1.2 billion kWh by 2030, with the emphasis on solar and wind energy sources to lead the way in achieving this goal.

By September 2025, the government plans to initiate new projects aimed at expanding renewable energy capacity to ensure that the nation meets its energy demands sustainably.

Currently, the aim is to reach an installed capacity of 101.3 GW in renewable energy by June 2025, marking a significant milestone in the energy transition journey.

With ongoing advancements and supportive policies, the landscape for renewable energy in China is rapidly evolving, positioning the country as a leader in the global energy transition.

Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/key-developments-in-renewable-energy-transition-and-market-expansion/

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