China

Companies in China are estimated to have a 50% share of the wind turbine market.

The company said this could significantly reduce emissions. 

The market accounted for 70% of the order capacity during the year. 

The gas capacity across the globe grew by 22% YoY in 2022. 

A report found local governments have permitted a combined 106GW of new coal power capacity.

The local governments in the market approved a total of 106GWs of new capacity in 2022. 

The project is expected to “guarantee” China’s energy security. 

The country accounted for 29 out of the 42 offshore wind installations globally.

It overtakes India as China sees a 4% electricity cost decline in utility-scale solar.

It is behind the United States and Canada.

This is due to the rise of renewables capacity.

The growth is slowed that the 10.3% recorded in 2021

It accounted for about half of the new capacity in 2022.

China’s gas demand is expected to grow up to 512bcm by 2031.

This includes 30 solar projects in various stages of development. 

The markets to account for 31% and 26% of the total electricity generation.