China State Grid Sees Room for 68.5 Gigawatts of New Clean Power

State Grid Corp. of China, the nation’s biggest power distributor, predicted that it could have capabilities to absorb 68.5 gigawatts of new solar and wind power this year.

The company, which covers about 88% of China, said in a statement Wednesday it could accommodate 29.45 gigawatts of new wind power and 39.05 of solar. Last year the country added 25.74 gigawatts of wind and 30.11 of solar, according to data from National Energy Administration.

The estimates underscore the potential for China’s clean energy industry to rebound after virus lockdown measures slowed installations earlier this year. Grid capability is a ...