China Renewable Energy

This is to help back up renewables’ intermittency. 

The outages were largely due to extreme heat and drought.

It accounts for over 80% of the manufacturing stages of solar panels.

Capital expenditure in the market is expected to drop to $7.7b in 2030.

It will also focus on grid efficiency, and storage systems amongst others.

This is after the company completes the acquisition of a 658MW portfolio in China.

The growth in RE will be met by a 9.7% growth in storage capacity 

Its solar modules production capacity is surpassing projected global demand.