China’s installed non-hydropower renewables capacity is expected to more than triple to 608.9 GW by 2025 from 196.3 GW in 2015, shows a new study by research and consulting firm GlobalData.
According to the latest “China Power Market Outlook to 2025” report, the Asian nation will see its non-hydro renewables increase at a Compound Annual Growth Rate (CAGR) of 12% by that year, mainly thanks to the government’s ambitious onshore wind targets.
China’s National Energy Administration (NEA) has set a goal for the country’s installed wind power capacity to grow to 150 GW by 2017, 200 GW by 2020, 400 GW by 2030 and 1,000 GW by 2050, says Chiradeep Chatterjee, GlobalData’s analyst covering power.
However, Chatterjee notes that a huge amount should be invested in creating an extensive smart grid network as the country currently lacks offtake capacity.
Meanwhile, China’s cumulative installed hydropower capacity will also grow significantly, almost doubling to 600.5 GW by 2025 from 322.6 GW in 2015. “While opposition remains due to the environmental degradation caused by hydropower development, the government is currently pushing ahead with the announced projects,” Chatterjee adds.
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