China to reach renewable power goal 5 years early, report says
03 Jul 2023
Experts
say Beijing should still revisit its continued reliance on coal for power.
The boom in renewable power projects in China
will likely help the country reach its 2030 target five years early, boosting
the effort to limit global carbon emissions far faster than expected, a new
study said.
China is on track to double its solar and wind
power capacity and shatter Beijing’s ambitious 2030 target of 1,200 gigawatts
(GW) five years ahead of schedule if all prospective projects are successfully
built and commissioned, said the Global Energy Monitor (GEM) report, released on Thursday.
Solar panel installations alone are growing
at a pace that would increase global capacity by 85% and wind power by nearly
50% by 2025, said GEM, a San Francisco-based non-governmental organization that
tracks energy projects worldwide.
China has approximately 379 GW of large
utility-scale solar and 371 GW of wind capacity projects that have been
announced or are in the pre-construction and construction phases. They will
likely be finished by 2025, adding roughly the same amount of currently
installed operating capacity.
The report projected that China would likely
achieve the provincial targets of approximately 1,371 GW for wind and solar,
which is higher than the 1,200 GW President Xi Jinping announced his government
would install by 2030.
“This new data provides unrivaled granularity
about China’s jaw-dropping surge in solar and wind capacity,” said Dorothy Mei,
project manager at Global Energy Monitor.
“As we closely monitor the implementation of
prospective projects, this detailed information becomes indispensable in
navigating the country’s energy landscape.”
Half global renewable capacity in China
China has emerged as the frontrunner in
global renewable energy, leveraging a blend of incentives and regulatory
policies to host approximately 50% of the world’s operational wind and solar
capacity.
The report said the ambitious renewable push
has been geographically widespread, with every province and most counties
developing large-scale solar and wind power.
China’s operating scale solar capacity has
reached 228 GW, more than the rest of the world combined.