China’s Power Generation Capacity Hits 4.103 Billion kW, Up 11.1% YoY

China's double-digit capacity growth signals the scale of its energy buildout, but capacity additions alone don't reveal how much of that fleet is actually generating or how the mix is shifting. For crypto mining and energy-intensive RWA operations, the relevant question is whether this expansion translates into sustained low-cost power availability in regions that host such activity. Whether the growth pace continues and what it means for power pricing and curtailment dynamics is the open question.