Sector News
A Race to the Top China 2023: China’s quest for energy security drives wind and solar development
China is on track to double its utility-scale solar and wind power capacity and shatter the central government’s ambitious 2030 target of 1,200 gigawatts (GW) five years ahead of schedule, if all prospective projects are successfully built and commissioned, according to a new report from Global Energy Monitor (GEM).
China on track to exceed 2030 wind & solar target
With 757 GW of already operating wind and solar, and an additional 750 GW of prospective wind and solar, the majority of which expected to come online by 2025, the central government’s 2030 target is expected to be met 5 years ahead of schedule.
The Global Solar and Wind Power Trackers identify prospective projects that have been announced or are in the pre-construction and construction phases totalling approximately 379 GW of large utility-scale solar and 371 GW of wind capacity, which is roughly equal to China’s current installed operating capacity.
Nearly all of this prospective capacity is part of the government’s 14th Five-Year Plan (2021-2025) and enough to increase the global wind fleet by nearly half and large utility-scale solar installations by over 85%. This amount of prospective solar capacity is triple that of the United States, and accompanied by China’s significant share of approximately one-fifth of the global prospective wind capacity.
The Global Solar and Wind Power Trackers also show:
. China’s operating large utility-scale solar capacity has reached 228 GW – more than the rest of the world combined.
. China’s combined onshore and offshore wind capacity has doubled from what it was in 2017 and now surpasses 310 GW.
. Operating offshore wind capacity has reached 31.4 GW, and accounts for approximately 10% of China’s total wind capacity and exceeds the operating offshore capacity of all of Europe
“This new data provides unrivaled granularity about China’s jaw-dropping surge in solar and wind capacity. As we closely monitor the implementation of prospective projects, this detailed information becomes indispensable in navigating the country’s energy landscape.” Dorothy Mei, Project Manager at Global Energy Monitor
“China is making strides, but with coal still holding sway as the dominant power source, the country needs bolder advancements in energy storage and green technologies for a secure energy future.” Martin Weil, Researcher at Global Energy Monitor
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