Search results
Results from the WOW.Com Content Network
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]
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 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
China produced 31% of global renewable electricity, followed by the United States (11%), Brazil (6.4%), Canada (5.4%) and India (3.9%). [1] Renewable investment reached almost $500 billion globally in 2022, [2] amounting to 83% of new electric capacity that year. [3] The renewable energy industry employs almost 14 million people. [4]
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.
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.
The Shilongba Hydropower Station is the first hydroelectric power plant in China. [31] It was built in Yunnan province in 1912, with a capacity of 240 kW. Due to the subsequent period of political and social instability, little additional progress was made in power infrastructure in the country at that time.