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The country is the world's largest investor in renewable energy, with the country's companies accounting for four of the world's five biggest renewable energy deals made in 2016. [14] In 2017, investments in renewable energy amounted to US$279.8 billion worldwide, with China accounting for US$126.6 billion or 45% of the global investments. [15]
In 2023, China's total installed electric generation capacity was 2.92 TW, [4] of which 1.26 TW renewable, including 376 GW from wind power and 425 GW from solar power. [3] As of 2023, the total power generation capacity for renewable energy sources in China is at 53.9%. [5] The rest was mostly coal capacity, with 1040 GW in 2019. [6]
China is the country with the largest consumption of electricity as of 2011. China's Twelfth Five-Year Plan (covering the period 2011 to 2015) provided for the development of an ultra-high-voltage (UHV) transmission corridor to increase the integration of renewable energy from the point of generation to its point of consumption. [4]: 39–41
The effort to drive the renewable energy use in China was further assured after the speech by the Chinese leader, given at the UN climate summit on 22 September 2009 in New York, pledging that China would plan to have 15% of its energy from renewable sources by 2019. China is using solar power in houses, buildings, and cars. [67] [68] [69]
China and India did not sign the pledge to triple their output of renewable energy and committed to coal power instead. [5] [6] The conference was widely criticised for its controversial president Sultan Al Jaber, as well as its host country, the UAE, which is known for its opaque environmental record and role as a major producer of fossil ...
China is the world leader in wind power generation, with the largest installed capacity of any nation [1] and continued rapid growth in new wind facilities. [2] With its large land mass and long coastline, China has exceptional wind power resources: [3] Wind power remained China's third-largest source of electricity at the end of 2021, accounting for 7.5% of total power generation.
In March 2024, Xinhua News Agency said in contrast to "traditional productive forces" the new productive forces are an "advanced productivity that plays a leading role in innovation and breaks away from the traditional economic growth mode and productivity development path". It says it features "high technology, high efficiency, and high quality".
Combined with wind energy, almost 10% of China's energy came from non-hydroelectric renewable power in 2020. [40] China's total photovoltaic energy capacity at the end of 2020 was 252.5 GW. [ 8 ] China has stated that it aims to increase the energy share of solar and wind energy to 11% by the end of 2021.