In 2023, the energy industry will coordinate the promotion of energy security and green and low-carbon transformation, effectively play the driving role of energy investment, continue to release the investment potential of coal, electricity, and oil and gas infrastructure, and promote new energy and new business projects to accelerate the formation of physical workload. According to monitoring, the investment in key energy projects under construction across the country and planned to be started within the year is approximately 2.8 trillion yuan, with a year-on-year growth rate that is 1.6 percentage points higher than the same period last year.

Looking at new energy investment, the completed investment in solar power generation exceeded 670 billion yuan, and the completed investment in centralized photovoltaics in three provinces (regions) including Yunnan, Hebei, and Xinjiang all increased by more than 100% year-on-year. The completed investment in wind power exceeded 380 billion yuan. The investment in onshore wind power in Liaoning, Gansu and Xinjiang provinces was accelerated, and the investment in new large-scale offshore wind power projects in Guangdong and Shandong provinces was concentrated.

Looking at the investment in supporting adjustable power supply, the completed investment in supporting adjustable power supply increased by more than 12% year-on-year. Nuclear power projects under construction are being promoted in an all-round way, and new projects approved during the year are accelerating to form physical workloads. Investment in large hydropower projects continues to recover.

Looking at investment in new energy formats, investment in comprehensive energy has grown rapidly, and a number of source-grid-load-storage integration and multi-energy complementary projects in the northwest region have accelerated. Investment in electrochemical energy storage has grown rapidly in six provinces (autonomous regions and municipalities) including Xinjiang, Gansu, Hunan, Shandong, Chongqing and Guangdong. A number of green power and hydrogen production projects are progressing in an orderly manner in Inner Mongolia and Xinjiang.