News

Power Utility

Staff Reporter

, China

Published:

1 year ago

China to sustain lead in renewables in the long term: report

This will mainly come from its solar power sector.

Mainland China will likely sustain its strong growth in renewables in the next ten years, Fitch Solutions reported.

This is supported by government policies intended to increase renewable energy generation to meet additional electricity demand.

“We expect this growth to continue over the coming 10 years, mainly coming from the solar power sector,” Fitch reported.

China continued to experience growth in its non-hydropower renewables sector with a 19% and 19.2% increase in 2021 and 2022, respectively.

Citing the latest data released by the National Energy Administration in March 2023, China added slightly more than 20.4 gigawatts of solar photovoltaic capacity, and about 5.8GW of wind power in January and February 2023 combined.

The market also added a total of 13.3GW of solar capacity during the rest of the first quarter of 2023.

Follow the link for more news on

Fitch Solutions

Also Read

Cambodia urged to rethink its costly LNG ambitions

JERA, bp form offshore wind joint venture

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Costly modules drag India's solar deployment

This has led to a shortfall in the rollout.

2 days ago

Global solar and wind energy capacity to reach new record in 2025

They will be critical in energising emerging sectors such as data centres.

2 days ago

India's offshore wind faces 12-year wait for grid parity

The VGF scheme may not be enough to fill the gap.

2 days ago

India’s VGF scheme enough to fund Indian BESS deployment

The country was urged to accelerate the distribution of funding available.

Lending & Credit

2 days ago

Exclusives

Cambodia urged to rethink its costly LNG ambitions

It should learn from peers who struggle to fuse the costly fuel into their energy systems.

Power Utility

4 days ago

Trump 2.0 could thump India's solar ambition

Its solar companies may need to set up manufacturing plants in the US to bypass tariffs.

4 days ago

Oracle Power in talks for $1.4b financing of hybrid RE plant in Pakistan

The 1.3 GW wind and solar plant may start supplying power to 1.2 million houses by 2028.

Project

Clean power must meet Asian demand amidst fading coal investment

Weaning the region off coal is a challenge, with rising electricity requirements.

Lending & Credit

Event News

Co-Written / Partner Sarawak Energy recognised with five honours at the Asian Power Awards 2024

Malaysia’s largest renewable energy developer received recognition for its digital transformation in power generation and advancements in sustainable hydropower development.