Luz Ding / Bloomberg
May 10, 2023
Synopsis
China plans to continue expanding policy support for large-scale renewable energy projects to achieve its climate targets, but warns about slow construction of grid connection and energy storage infrastructure. The country aims to add about 455 gigawatts of wind and solar capacity in mainly desert areas, with almost 100 gigawatts currently under construction. At the end of March, China already had the world's largest fleet of renewable generation with 426 gigawatts of solar and 376 gigawatts of wind capacity.
(May 10): China will keep expanding policy support to encourage the construction of large-scale renewable energy projects, in an effort to boost the country’s clean power fleet and reach its ambitious climate targets.
The government warned about the slow construction of grid connection and energy storage infrastructure, which are part of plans for a massive renewable power build-out mainly in inland deserts, according to a statement by the National Energy Administration. The authorities urged relevant parties to ensure that the projects start generating on time.
China already has the world’s largest fleet of renewable generation, and plans to boost that with about 455 gigawatts of wind and solar in mainly desert areas, with the first batch of almost 100 gigawatts under construction. The country had 426 gigawatts of solar and 376 gigawatts of wind capacity at the end of March.
Source: https://apps.theedgemarkets.com/
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