28 Aug '13, 10am

Renewables to Challenge Coal in China as Power Sector Doubles in Size

A report from Bloomberg New Energy Finance, titled The Future of China’s Power Sector: From centralised and coal powered to distributed and renewable? , predicts that by 2030 the nation’s current reliance on coal will be challenged by competitive renewables, growing awareness of environmental pollution and a potential carbon emissions price, while the size of the power market will almost double. According to the report, China will add an additional 1583 GW to its total power generation capacity, to reach 2707 GW by 2030. The nation’s electricity consumption will grow by 5 percent or 88 GW per year, BNEF said, pointing out that this is equivalent to adding the UK’s total installed capacity each year. Renewable power sources are projected to contribute over half of this new capacity growth, reaching the same capacity level as coal by 2030. Coal-fired power generation will de...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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