China will plough 2.5tn yuan (£292bn) into renewable power generation by 2020, the country’s energy agency has said, as the world’s largest energy market continues to shift away from dirty coal power towards cleaner fuels.

    The investment will create more than 13m jobs in the sector, the National Energy Administration said in a blueprint document that lays out its plan to develop the nation’s energy sector during the five-year 2016 to 2020 period.

    The NEA said installed renewable power capacity including wind, hydro, solar and nuclear power would contribute to about half of new electricity generation by 2020.

WanderingEng


WanderingEng:

Here's my theory: China is trying to position itself to be a global leader in energy. There was an article recently that China is building a large power line in Pakistan, and a little Googling turns up another between Kenya and Tanzania.

China has been building power lines like crazy, and they have some of the largest in the world. Those large lines were designed by foreign companies like ABB and Siemens, but China gets all the design stuff from those projects. They're building the expertise in Chinese industries.

So I think these projects are the same idea. Build your own projects to work out the bugs, then build them in other countries either for profit or for access to resources. They need the energy, anyway, and this helps them cut down on domestic pollution, too.

If I make it sound like a conspiracy, I don't mean to. It's just good business.


posted by rd95: 142 days ago