Ammon News - China’s major power generation companies have seen a surge in investment in solar power projects in the first seven months of this year, official data shows.

According to the National Energy Administration, investment in the January-July period rose 304 percent from a year earlier to 77.3 billion yuan (about 11.4 billion US dollars).

"These companies’ investment in power engineering projects during this period totaled 260 billion yuan, up 16.8 percent year-on-year," the Administration added.

In addition, the data showed that the investment in power grid projects rose 10.4 percent year-on-year to 223.9 billion yuan.

As of the end of July, China’s total installed power generation capacity was about 2.46 billion kilowatts, up 8 percent from a year earlier, the administration said.

Recently, China has become the world's leading country in electricity production from renewable energy sources. With a total renewable energy capacity that exceeded 1,000GW in 2021, accounting for 43.5 percent of the its total power generation capacity, the country aims to have 80 percent of its total energy mix come from non-fossil fuel sources by 2060, and achieve a combined 1,200GW of solar and wind capacity by 2030.