Renewables Dominate China's New Capacity as Coal's Role Slips
- Country added 37GW of renewable power during the period
- China to invest 2.5 trillion yuan in renewbales through 2020
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/BloombergRenewable energy accounted for about 70 percent of China’s new power capacity addition in the first half of the year as the the world’s biggest clean energy investor seeks to reduce its reliance on coal.
About 37 gigawatts of renewable power was added in the first six months of the year, including 24.4 gigawatts of solar and 6 gigawatts of wind power, according to the transcript of a National Energy Administration conference posted on the its website Friday.