Current coal prices and energy tariffs mean new coal plants in China can still deliver handsome returns for investors.
In logging two new clean energy world records in 2015 – China is reshaping the global energy economy. And India is not far behind.
China has installed the largest floating PV plant atop a fishpond, located in a coal mine subsidence area.
China has officially unveiled its 13th Five-Year Plan, which will guide the country’s economic and social development from 2016 through 2020.
The world’s biggest polluter has set a target of 5 million electric and fuel cell vehicles on the road by 2020.
While electricity consumption was up just 0.3% yoy for the January-February period, coal imports fell 10.2% and coal production declined 6.4%.
China on Monday reported that its coal consumption dropped 3.7 percent between 2014 and 2015 as the country grapples with a struggling economy and urban air pollution.
Global electric vehicle numbers increased worldwide by almost 750,000 to around 1.3 million over the 2014-15 period.
Goldwind has become the first Chinese wind turbine maker to top BNEF’s global rankings, knocking out US giant GE for number one spot.