星期日, 4月 11, 2021
Home PV News Asia China to up renewable energy investment

China to up renewable energy investment

China is drafting a stimulus package to more than double the nation's 2020 output of alternative energy from targets set in 2007, said an industry official.


The plan to boost investments in the production of fuel from sources including hydro, wind and solar will be announced this year, Shi Dinghuan, the chief director of China Renewable Energy Society, said yesterday at a conference in Shanghai.


China has said it plans to invest 2 trillion yuan in its alternative energy industry from 2006 through 2020 as the world's second-biggest energy consumer looks to replace usage of coal and oil with cleaner-burning fuels. The Asian nation could pass Europe, Japan and the US to become the world's biggest renewable energy consumer by 2010, according to Washington-based researcher WorldWatch Institute.


The Chinese Government in 2007 targeted 1.8 million kilowatts of solar power capacity, 300 million kilowatts of hydropower, 30 million kilowatts of wind power and 30 million kilowatts of biomass power by 2020. It set a goal for renewable energy to account for 15 percent of China's total use.


The nation's solar power capacity may rise to 10 million kilowatts by 2020, helped by government subsidy, Wang Zhongying, the renewable energy development director at the research center of the National Development and Reform Commission, said at the same conference.


 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Maxeon Solar might open a 1.8-GW solar panel assembly plant in the United States

When SunPower spun off its solar panel manufacturing efforts into new company Maxeon Solar Technologies in Aug. 2020, the plan was for SunPower to...

174 Power Global developing 200-MW Colorado solar project for regional utility

174 Power Global has entered a 15-year PPA with Black Hills Energy to develop the 200-MW Turkey Creek Solar facility in Pueblo County, Colorado. “We...

Wells Fargo sole off-taker on 58-MW solar project developed by NextEra Energy

Wells Fargo signed a 20-year PPA on a 58-MW North Carolina solar project being developed by a subsidiary of NextEra Energy Resources. The banking...

National Solar Tour will be hosted online and in-person this year

The American Solar Energy Society (ASES) announced the 2021 edition of the National Solar Tour. This annual grassroots solar event will take place virtually...