【SMM New Energy News】China Power Capacity to Hit 5.4B kW by 2030 with Renewable Share Exceeding 50%
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.