China targets 11% solar and wind in power mix in 2021

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Image: Joshua Doubek/Wikimedia Commons

China’s government has signalled it will aim to deploy enough solar and wind power generation this year to make up 11% of the country’s total power mix, according to its power planning agency the National Energy Administration (NEA).

President Xi Jinping said on Monday (19 April) China will seek to increase its solar and wind energy capacity to around 1.2TW by the end of the year as the government seeks to bring carbon emissions to a peak in the same time, and become carbon neutral by 2060. This would help bring the proportion of non-fossil fuels in China’s energy supply to 25% by the end of the decade.

The wind and solar power target marks a rise from the 9.5% share both resources had in the power mix last year, with solar accounting for 3.4% of this.

The NEA said in its draft proposal this week that solar and wind power generation would need to increase year-on-year until 2025 to reach 16.5% of the power mix, asking renewables developers to accelerate their construction plans and local network operators to guarantee grid connection for new clean power plants coming online. The proposal will be circulated for opinion until 25 April.

As part of the government’s mission to scale up renewables, the NEA has said it will establish a “diversified guarantee mechanism” to help more projects win access to the grid.

This comes two months after the central government forced regional grid operators to increase their minimum power purchase from renewable power systems. The NEA also set a goal for renewable energy to make up more than half of total installed power capacity in China by 2025 earlier this month.

China installed 48.2GW of solar PV capacity last year, according to figures from the NEA, which identified a sharp spike of new solar installs in December, while analysts at BloombergNEF believe the country could reach 4.2TW of solar by mid-century, but given both its energy demand and emissions are both still on the rise, it will be “no small feat” for the country to reach its emission reduction targets.

The Chinese government has ramped up financial support for solar companies this year in a bid to accelerate deployment, with the People’s Bank of China unveiling a raft of measures targeting solar and wind developers last month to promote “rapid development” of new projects.

Read Next

March 29, 2021
Solar developer ReneSola returned to net profit last year despite struggling with declining revenues throughout 2020.
March 26, 2021
China is to ramp up its support of domestic solar companies in a bid to fast-track development in the country.
January 20, 2021
Official figures from China’s National Energy Administration reveal more than 48GW of solar PV was installed in the country last year.
January 21, 2020
PV might have only seen 30.22GW added throughout 2019 but ‘year-end rally’ hinted at by latest NEA figures may indicate market will rebound more than expected in 2020, analysts say.
August 24, 2019
China added 11.4GW of solar capacity in the first half of 2019 – less than half the capacity installed a year prior.
January 9, 2019
China’s State Grid Corporation will build 6GW of pumped hydro storage as part of ongoing efforts to cut rates of wind and solar power curtailment.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021