【SMM PV News】China Issues 15th FYP for New Energy System: Wind & Solar to Exceed 50% of Installed Capacity by 2030

Wan Jingsong, Deputy Director and Spokesperson of the NEA, stated at a SCIO press briefing that the 15th FYP will focus on three key areas to accelerate the deployment of new energy infrastructure: first, speeding up infrastructure to facilitate renewable development, constructing clean energy bases like wind-solar hubs in northern China and integrated hydro-wind-solar bases in the southwest, and developing direct green power supply based on local conditions; second, enhancing new energy integration and consumption capabilities, accelerating the buildout of new-type power grids, and boosting source-storage regulation capacity by over 40%; and third, further accelerating the deployment of new energy infrastructure in other sectors.

The SCIO held a press conference on accelerating the new energy system during the 15th FYP period. Du Zhongming, Director of the Power Department of the NEA, stated that China's grid fixed-asset investment will exceed 5 trillion yuan during the 15th FYP. It will focus on upgrading grid architecture to build a new platform featuring coordinated development of backbone grids, distribution networks, and microgrids, enhancing grid safety and resilience.

The SCIO released the overall targets of the 15th FYP for New Energy System, aiming to initially establish a clean, low-carbon, secure, and efficient energy system by 2030. China's installed power capacity has surpassed 4 billion kW and is projected to reach 5.4 billion kW by 2030. Renewable energy will exceed 50% of the total capacity to become the mainstay, while non-fossil generation will hit 50% as the main power supply. Coal and oil consumption will also peak by then.