BEIJING: China could hit its 2030 renewables target at least five years early if local governments meet the ambitious goals they’ve laid out.
Development plans from 22 of China’s 34 regional governments are aiming for more than 600 gigawatts of renewable capacity combined to be added from 2021 through 2025.
That would more than double the 535 gigawatts of wind and solar capacity in place at the of 2020 and approach President Xi Jinping’s target of having 1,200 gigawatts of renewables in place by the end of the decade.
With 12 of the local government areas yet to announce their ambitions, including some with rich offshore wind or rooftop solar potential such as Shanghai and Anhui, the growth may be even more spectacular. — Bloomberg