CHINA TO DOUBLE ENERGY WITH NEW ENERGY HALF OF BUILD

China Power Seen Doubling With Renewables as Coal Holds Sway

Sally Bakewell, August 26, 2013 (Bloomberg News)

“China’s generation capacity will more than double to 2030, with half of all new plants powered by renewable energy and coal remaining the most important fuel…China may add 1,583 gigawatts of capacity and attract $1.4 trillion in renewables investment by that year, according to a Bloomberg New Energy Finance report. Coal will still account for more than 50 percent of power generation…[China] is seeking to meet demand that will probably grow 5 percent a year while forging a cleaner future after smog in Beijing in June surpassed hazardous levels. The government has boosted solar-power targets…” click here for more

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