China Will Ensure Purchase of All Renewable Power It Generates

China, the biggest renewable-energy investor, has asked local authorities to ensure the purchase of all the clean power generated in the country.

The nation has also asked renewable-power plants to run at full capacity, taking into account grid safety and stability, the National Development and Reform Commission said Monday in a statement on its website. China will prioritize the use of clean power to meet electricity demand in Beijing, Tianjin, Hebei, the Yangtze River Delta and the Pearl River Delta, the agency said.

A rush of funds into clean-energy sources such as solar and wind has led to an increase in idled capacity in China. The nation had 11 percent of its wind-power capacity sitting unused in 2013, according to the China Renewable Energy Engineering Institute.

China led in renewables last year with investments of $89.5 billion, accounting for almost one out of every three dollars spent on clean energy in the world, according to Bloomberg New Energy Finance figures released in January.

The nation will encourage clean-power generators to trade with users directly in areas with a large share of low-emission energy, the National Development and Reform Commission said.

Energy supervision agencies should monitor the grid-connection situations of renewable-power plants, according the commission said.

— With assistance by Feifei Shen

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE