Renewables booming in China: Report
Nov 17, 2007 - China Daily (Worldwatch
China would likely achieve and could
even exceed its target of obtaining 15 percent of
its energy from renewables by 2020, according to
a new report released by the Worldwatch Institute.
The findings of the report Powering
China's Development: The Role of Renewable Energy,
written by Beijing-based researcher and Worldwatch
senior fellow Eric Martinot and vice-chair of China's
Renewable Energy Society in Beijing Li Junfeng,
were encouraging for the sector.
It suggested that if China continues
with its commitment to diversifying its energy supply
and becoming a global leader in renewables manufacturing,
renewable energy could provide more than 30 percent
of the nation's total by 2050.
"A combination of policy leadership
and entrepreneurial savvy is leading to spectacular
growth in renewable energy, increasing its share
of the market for electricity, heating and transport
fuels," Martinot said. "China is poised to become
a leader in renewables manufacturing, which will
have global implications for the future of the technology."
More than US$50 billion was invested
in renewable energy worldwide in 2006, and China
is expected to invest more than US$10 billion in
developing new renewables capacity in 2007. The
investment would be second only to that of Germany.
Wind and solar energy are growing
particularly rapidly in China, with production of
both wind turbines and solar cells doubling in 2006.
China is poised to surpass world solar and wind
manufacturing leaders in Europe, Japan and North
America in the next three years, and it already
dominates the markets for solar hot water and small
"Our ingenuity and manufacturing prowess
are being harnessed to provide leadership to the
world in the field of renewables," Li said. "China's
position provides a strong example for other developing
countries while helping to drive down renewable
energy costs to become competitive with fossil fuels
for all countries the world over."
The report discusses China's advances
in wind power, solar photovoltaics (PV), solar heating,
biomass power and biofuels. It highlights many impressive
gains in these sectors.
For example, according to the report,
wind power is the fastest growing power-generation
technology in China, with existing capacity doubling
last year. By 2007, China was home to four major
Chinese manufacturers of wind turbines, another
six foreign subsidiary manufacturers and more than
40 firms developing prototypes and aspiring to produce
Solar PV production capacity in China
jumped from 350 MW in 2005 to more than 1,000 MW
in 2006, with 1,500 MW expected in 2007.