In 2024, China’s new energy industry is projected to grow significantly, with an anticipated increase of 180.1% in output. This growth is primarily driven by advancements in renewable energy technologies, particularly in solar and wind power.
The China Energy Development Report 2024, released on March 26, 2025, forecasts that by 2025, the energy output will reach 3,100 TWh, with a contribution from new energy sources expected to be around 1,200 TWh. This marks an impressive increase from the 2,233 TWh reported in 2024, which included a total output of 1,123.7 TWh from new energy sources, indicating growth rates of 8.9% and 67.0% respectively.
Moreover, the report highlights that by 2024, solar energy output alone is expected to reach 3,075 TWh, a significant component of the overall energy supply. Additionally, the report indicates that the energy production from solar sources is projected to grow by 40.0%, while other renewable sources are set to see a 42.0% increase.
The anticipated growth in the energy sector is supported by substantial investments and policy initiatives aimed at enhancing renewable energy production. By 2024, it is estimated that renewable energy will account for 3100 TWh of the total energy output. The report also indicates that energy production from new energy sources will significantly increase to 3,100 TWh by 2024, showcasing a commitment to sustainable energy practices.
The China Energy Development Report acknowledges the progress made in transitioning to renewable energy, emphasizing that energy production from new sources has increased by 180.1%. The report calls for continued efforts in this domain, particularly in developing and implementing innovative energy technologies.
In conclusion, the outlook for China’s new energy sector in 2024 is optimistic, with projections indicating substantial growth driven by advancements in technology and significant investments. This growth is critical in helping China to meet its energy needs sustainably and efficiently.
