Qinghai’s Cumulative Green Power Trading Volume Tops 20 Billion kWh

XINING — Qinghai province in northwest China has seen its cumulative green power trading volume hit 20.09 billion kilowatt-hours (kWh), translating to a carbon dioxide emission reduction of over 15 million tonnes, with inter-provincial transactions making up more than 90 percent of the total volume, State Grid Qinghai Electric Power Company data shows.

The province officially launched its first green power market transaction in July 2022, witnessing 60 million kWh of power traded between eight new energy power generation enterprises and two power users. The sector has maintained robust growth ever since. Its annual green power trading volume surged from 533 million kWh in 2022 to 9.895 billion kWh in 2025, demonstrating thriving market momentum. Green power generated in Qinghai is now supplied to 23 provincial-level regions across China.

Qinghai has been refining its green power trading mechanisms to drive the sector’s shift from policy-led expansion to market-oriented development. In September 2025, Qinghai Power Trading Center completed the first online green power listing transaction in northwest China. The new trading model, which enables independent listing and transaction matching between buyers and sellers on digital platforms, streamlines operational procedures, boosts trading efficiency and improves the matching accuracy of green power supply and demand.

Solid clean energy installation foundations underpin the steady expansion of Qinghai’s green power business. As of April this year, the province’s total installed power capacity has reached 85.278 million kilowatts. Clean energy accounts for 93.3 percent of the overall installed capacity, while new energy capacity takes up 74.1 percent, laying a solid industrial foundation for large-scale and sustainable green power trading nationwide.