14th Five-Year Plan for Photovoltaic and Energy Storage

What is China's 14th five-year plan on renewables?

Following the release of China’s 14th Five-Year Plan (FYP) on the overall energy sector covering 2021-25, the National Development Reform Committee (NDRC) announced China’s 14th FYP on renewables in June 2022.

When will the 14th FYP for energy be presented?

Based on the timeline of previous five-year plans for energy, it is expected that the 14th FYP for energy will be presented approximately one year into the five-year period. ◼ One of the main topics to be addressed in the 14th FYP will be how to secure energy supply while not depending on expensive imported energy.

What is the 14th five-year plan?

It also requires proactive planning and coordination, both within sectors (e.g., for coordinating investments needed to support higher levels of non-fossil generation into the power system) and between them (e.g., for coordinating electrification and power system growth). The 14th Five-Year Plan provides

What does the 14th FYP mean for power infrastructure development?

The 14th FYP brings forth a new target in terms of power infrastructure development, which is to “enhance the capability of consuming and storing renewable.” The new requirement reflects the growing shares of renewable in China’s power mix and the looming issue of power curtailment, as Beijing intends to revamp large-scale renewable construction.

Who will be responsible for the 14th FYP for energy?

Sector-specific plans for each ministry and key industry will follow. For energy, the National Energy Administration (NEA) will be responsible. Based on the timeline of previous five-year plans for energy, it is expected that the 14th FYP for energy will be presented approximately one year into the five-year period.

Will strong policy support lead renewable capacity additions in the 14th FYP?

Despite a lack of specific wind and solar capacity targets, IHS Markit expects that strong policy support will lead capacity additions of renewables during the 14th FYP to be 50% higher than the annual average during the 13th FYP period.