China’s Clean Energy Expansion Stutters as Covid Curbs and High Costs Slow Installations
- Renewable installations usually boom toward end of the year
- State firms will be under political pressure to meet targets
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China’s world-leading ramp-up of clean energy is stuttering as rising costs and Covid restrictions take their toll on the pace of solar and wind installations, heaping pressure on developers to meet their annual targets.
Just 5.6 gigawatts of solar and 1.9 gigawatts of wind capacity were added in October, according to data from the National Energy Administration. Both slowed from September, leaving installations over the year so far at 58 gigawatts for solar and 21 gigawatts for wind, well short of forecasts for 2022 as a whole.