China to meet its 2030 renewable energy target by end of this year: state-owned researcher
- The breakneck speed of solar and wind energy expansion will see China surpass its 2030 renewable targets this year, a state-owned research body says
The country will add 70 gigawatts (GW) of installed wind power capacity and 190GW of solar capacity by the end of 2024, said a new report by the China Renewable Energy Engineering Institute (CREEI), a research body under the the National Energy Administration (NEA).
According to statistics released by the NEA for 2023, China added 217GW of solar power and 76GW of wind power capacity, bringing total capacity to 1,050GW by the end of last year.
“Improving energy self-sufficiency requires the further development and utilisation of renewable energy,” the CREEI report said.
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China, the world’s largest greenhouse gas emitter and renewable energy developer, accounted for almost 60 per cent of the world’s total renewable energy capacity additions last year, by adding a record 301GW of solar, wind, and hydro power generation capacity.