Caixin
Jan 19, 2023 08:05 PM
BUSINESS

Chinese State Energy Giant Powers Up Clean Energy Capacity in 2022

SPIC workers repair a wind turbine on July 24 in Shuozhou, North China’s Shanxi Province. Photo: VCG
SPIC workers repair a wind turbine on July 24 in Shuozhou, North China’s Shanxi Province. Photo: VCG

State-owned State Power Investment Corp. (SPIC) accelerated its green transition in 2022, with its share of electricity generated from non-fossil fuel sources hitting a record high since its founding in 2015.

SPIC — one of China’s “big five” power companies — said on Wednesday that its total installed generation capacity reached 212 million kilowatts in 2022, nearly 66% of which came from hydropower, solar power, wind power and also nuclear energy sources, up by 4.5 percentage points from 2021. The firm did not break down the figures by energy source.

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