Thursday, 25 February 2021 11:56

China to increase share of renewable energy in energy mix

The National Energy Administration (NEA), which regulates the energy sector in China, has proposed to increase the share of renewable energy in electricity production from 28.2% (including hydropower) in 2020 to 40% in 2030. In addition, the share of renewable energy sources, excluding hydropower, will be increased from 10.8% in 2020 to 25.9% in 2030. The country currently plans to increase its installed wind and solar capacity to 1,200 GW in 2030. It is expected that the installed capacity of wind and solar energy will reach 780 GW and 840 GW, respectively, by 2030 under the scenario of deep emission reduction.

 

According to the NEA, China added almost 72 GW of wind power and 48 GW of solar power in 2020. Growth in added wind capacity accelerated in 2020 - from 26 GW in 2019 - and exceeded global wind capacity additions in 2019 by 12 GW. This increase was partially associated with China's earlier announcement to end subsidies for new onshore wind projects from 2021. In addition, the added solar capacity recovered after two years of decline (+44 GW in 2018 and +30 GW in 2019). Hydropower capacity increased by 13 GW in 2020. At the end of 2020, China had 282 GW of wind power and 253 GW of solar power.

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