China’s Top Power Producer On Course to Beat Renewables Target
- China Energy Investment now has 115GW of clean power capacity
- The company’s energy mix included 35.5% renewables by end-2023
A solar power station operated by Huanghe Hydropower Development Co., a unit of State Power Investment Corp.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China Energy Investment Corp., the country’s biggest power producer, said it’s well on course to overshoot its target of 40% renewables in its overall generation capacity by 2025.
The state-owned company, the world’s largest coal and wind power producer, expects the goal to be met this year due to the expansion of its renewable hubs in China’s deserts and deployments of offshore wind, it said in a statement.