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China to Slow Green Growth for First Time After Record Boom

  • Wind and solar development will slump 11% percent in 2017
  • China contributes a third of global spending on renewables
China Resources New Energy Group Co. Ltd. wind turbines spin in Shantou, Guangdong province, China, on Friday, Jan. 21, 2011. China Resources Power Holdings Co., the Hong Kong-listed mainland electricity producer, said it may spend 4.8 billion to 6.4 billion yuan ($970 million) adding 800 megawatts of wind power capacity every year.
Photographer: Forbes Conrad/Bloomberg
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After installing more wind and solar farms than anywhere else on the planet, China is ratcheting back the pace of growth in an industry that’s helped lower the costs of green energy worldwide.

Installations of new wind and solar farms in China are expected to drop 11 percent in 2017 from a record high this year, according to Bloomberg New Energy Finance. That would be the first decline in the history of the modern renewables business, now a little more than a decade old, for a nation that has provided about a third the investment for the industry.