Currently on target to reach a record-breaking 230 gigawatts (GW) of wind and solar installations this year, China leads the global renewables market. This is more than double the number of US and Europe installations combined, according to latest report ‘How China became the global renewables leader’ by Wood Mackenzie. Wind and solar project investment … Continue reading China leads global renewables race with record-breaking 230 GW installations in 2023
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China’s installed renewable energy capacity surges in Jan.-Oct.
China’s installed capacity of clean energy surged in the first 10 months of the year amid the country’s pursuit of green development. By the end of October, the installed capacity of solar power in the country expanded 47 percent year on year to 540 million kilowatts, while that of wind power stood at about 400 … Continue reading China’s installed renewable energy capacity surges in Jan.-Oct.
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Why is offshore wind rising in China when it is struggling in the West?
While the offshore wind industry is struggling with inflation and high interest rates in the West, China’s market is soaring. To learn why, TME recently spoke with Joseph Webster, senior fellow at the Atlantic Council’s Global Energy Center and an expert on China’s offshore wind sector. What are your thoughts on the near term outlook … Continue reading Why is offshore wind rising in China when it is struggling in the West?
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Future-oriented climate planning led to China prioritizing Concentrated Solar Power
Recently, the Ministry of Ecology and Environment issued the first batch of methodologies for four voluntary greenhouse gas emission reduction projects: afforestation carbon sequestration, grid-connected solar thermal power generation, grid-connected offshore wind power generation, and mangrove forest construction. Solar energy, as an inexhaustible and renewable energy source on Earth, is commonly associated with photovoltaic power … Continue reading Future-oriented climate planning led to China prioritizing Concentrated Solar Power
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How will China’s expansion affect global solar module supply chains?
Starting in 2024, China will dominate the solar module supply chain with over 80% global capacity, driven by significantly lower costs of modules compared to Europe and the US. From the beginning of 2024, China will hold over 80% of global capacity across the solar module supply chain. This is partly because modules, including polysilicon, … Continue reading How will China’s expansion affect global solar module supply chains?
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China to hold over 80% of global solar power manufacturing capacity from 2023-26
Despite local manufacturing policies in overseas markets, China’s expansion will dominate global solar supply chain, and widen the technology and cost gap. After investing over US$130 billion into the solar industry in 2023, China will hold more than 80% of the world’s polysilicon, wafer, cell, and module manufacturing capacity from 2023 to 2026, according to … Continue reading China to hold over 80% of global solar power manufacturing capacity from 2023-26
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Chinese state-owned enterprises are the largest owners of solar energy assets
At 240 GWdc, 2022 was the biggest year on record for global solar installations. That relentless growth translated into unprecedented expansions of the operational portfolios of the largest global solar asset owners. Solar portfolios from the top global solar asset owners, including Chinese players, grew by a record-shattering 44% in 2022. This was driven mostly … Continue reading Chinese state-owned enterprises are the largest owners of solar energy assets
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How can sustainable debt support China’s energy transition?
Sustainable debt has become a popular tool to fund green and sustainability-linked activities since it first emerged in the mid-2010s, providing a tailwind to clean energy investment. Global sustainable debt issuances have risen nearly tenfold since 2016, peaking at over USD 1.7 trillion in 2021. These instruments have been leveraged by governments to raise capital … Continue reading How can sustainable debt support China’s energy transition?
Continue readingChina’s installed solar and wind power capacity saw robust growth this year
China’s installed solar and wind power capacity saw robust growth this year amid the country’s green development push, according to the National Energy Administration, Azernews reports, citing Xinhua. At the end of September, the country’s installed solar power capacity was approximately 520 million kilowatts, up 45.3 percent year on year, and its installed wind power … Continue reading China’s installed solar and wind power capacity saw robust growth this year
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MingYang Smart Energy unveils plans for world’s largest wind turbine
MingYang Smart Energy has recently revealed plans to develop an innovative offshore wind turbine. With a remarkable rotor diameter of more than 310 metres, the wind turbines will be the largest and most powerful of their type announced to date. The 22 MW turbine, once built, has the potential to significantly increase efficiency and renewable … Continue reading MingYang Smart Energy unveils plans for world’s largest wind turbine
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Brussels Considers Investigating Chinese Wind Turbine Subsidies
Brussels is considering launching an investigation into China’s use of subsidies to promote its wind turbine manufacturers. This move comes in response to concerns that cheap Chinese imports are posing a threat to European wind power companies. Didier Reynders, the acting competition commissioner, stated that if there is evidence of excessive aid on the Chinese … Continue reading Brussels Considers Investigating Chinese Wind Turbine Subsidies
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China wind farm sets high-altitude records
China’s push for clean energy is testing the limits of high-altitude wind turbines in the same mountain range as Mount Everest, up where the air is rather thin. China has expanded its highest-altitude wind farm, in the Tibet autonomous region, thousands of metres above sea level. Photo: China Three Gorges Corporation In the Tibet autonomous … Continue reading China wind farm sets high-altitude records
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Cosin Solar now supplies 1 GW of China’s tower Concentrated Solar Power
Recently, Cosin Solar Technology Co., Ltd. (“Cosin Solar”) and State Power Investment Shandong Electric Power Engineering Consulting Institute Co., Ltd. (“SDEPCI”) signed the contract for Solar Field , MSR Systems and MS Electric Heating System equipment of the SPIC Xinjiang Turpan Shanshan Qiketai 100MW CSP project. It’s meaning that Cosin Solar will provide advanced Solar field, … Continue reading Cosin Solar now supplies 1 GW of China’s tower Concentrated Solar Power
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China’s Largest Offshore Wind Farm Begins Generating Electricity
China Three Gorges Corporation has successfully connected the world’s largest offshore wind power facility to the grid in Fujian Province. This wind farm consists of 11 offshore wind turbine units, with the largest unit boasting a capacity of 16 megawatts. Since its launch on September 17, the wind farm has started generating electricity, contributing to … Continue reading China’s Largest Offshore Wind Farm Begins Generating Electricity
Continue readingXinjiang wind turbine maker gains global recognition
Goldwind Science and Technology Co, a leading Chinese wind turbine maker, has delivered over 49,000 wind turbines worldwide with a global cumulative installed capacity exceeding 105 gigawatts as of June. “Goldwind’s technology and products have gained recognition from global partners,” said Fang Zhong, general manager of Goldwind’s Xinjiang office in the Urumqi Economic and Technological … Continue reading Xinjiang wind turbine maker gains global recognition
Continue readingChina’s solar power capacity to reach 1,000 GW by 2026
China’s installed solar capacity will double to 1,000 gigawatts (GW) by the end of 2026 as the world’s second-largest economy continues to ramp up investment in renewables, energy research firm Rystad Energy wrote in a note published on Monday. Beijing had set a goal of boosting the country’s installed capacity of wind and solar power … Continue reading China’s solar power capacity to reach 1,000 GW by 2026
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Goldwind installs a 14.3 MW offshore wind turbine in 30 hours of work
Goldwind’s GWH252-14.3MW wind turbine is now installed offshore and installation operations took only 30 man hours.The rapid installation of the wind turbines was made possible by optimizing several time-consuming processes, according to the Chinese wind turbine manufacturer. “Through strategies such as rotor pre-assembly, modular designs, improved conditions for decoupling of the dropped tool, etc., Goldwind … Continue reading Goldwind installs a 14.3 MW offshore wind turbine in 30 hours of work
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Aksai 50 MW high temperature molten salt trough concentrated solar power project resumed work
On the morning of August 16, Aksai County held resumption of work ceremony of Gansu Concentrated Solar Power Co., LTD Aksai 50 MW high temperature molten salt trough concentrated solar power project. According to Jianjian Su,chairman of Gansu Concentrated Solar Power Co.,LTD,the project was identified as the first batch of concentrated solar power demonstration projects … Continue reading Aksai 50 MW high temperature molten salt trough concentrated solar power project resumed work
Continue readingChina’s installed wind energy and solar capacity up in January-July
China saw a steady increase in newly installed clean energy capacity in the first seven months of 2023. The new installed capacity of solar power expanded 42.9 percent year-on-year to 490 million kilowatts, while that of wind power stood at about 390 million kilowatts, representing an annual increase of 14.3 percent. percent, data from the … Continue reading China’s installed wind energy and solar capacity up in January-July
Continue readingChinese manufacturers dominate wind power, occupying 60% of the global market for wind turbines
China leads in wind power while Europe lags behind. China is emerging as a dominant player in global wind power generation, with manufacturers in the country supplying nearly 60% of installed wind turbines worldwide in 2022. The figures, compiled by the Brussels-based Global Wind Energy Council, indicate that China claims a dominant share of the … Continue reading Chinese manufacturers dominate wind power, occupying 60% of the global market for wind turbines
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