Chinese companies engaged in solar power generation

Are China's power generation companies accelerating renewable capacity expansion?

China’s power generation companies have carried out a phenomenal renewable capacity expansion in the past 2019 and 2020. China’s renewable developers—most of which are state-owned companies—rushed to connect their projects in the pipeline, as subsidy sunset for most renewable projects from 2021 onward.

What is China's Wind and solar capacity?

State Grid’s exact prediction was that China’s wind and solar cumulative installed capacity would be around 1100GW.] While the tier-1 and 2 players already eye on adding 400-500GW capacities, there are many other power generation companies in China shown growing interest in acquiring renewable power assets. These players include:

How much solar power does China have?

According to statistics of the China Solar Thermal Alliance, by the end of 2021, the total installed capacity of global solar thermal power generation reached 6.8 GW, and the figure in China was 538 MW (only including power generation systems at or higher than the MW scale).

Will China build more renewable power?

China is very likely to build much more renewable power capacity than what the regulators previously predicted for 14th FYP. The previous expected incremental wind and solar capacity would be around 570GW, suggested by State Grid’s policy research for the 14th FY Electricity Plan. [READ MORE: China’s Renewable Power Target 2025/2030/2050.

How many solar thermal power demonstration projects are there in China?

The Blue Book summarizes the operational status of seven solar thermal power demonstration projects in China and one solar tower plant in a multi-energy complementary project.

What percentage of China's renewable capacity is renewable?

The five alone contribute most of China’s renewable capacity—over 51% and 18% of the total wind and solar capacities. Chinese power companies have announced bullish figures as their renewable targets for 2025.