China invests heavily in development of renewable energy
Friday, 10 October 2008
GUANGZHOU, Oct. 9 (Xinhua): China invested a total of 12.0 billion US dollars in development of renewable energy in 2007, ranking second in the world, according to the Guangzhou- based South China Coal Trading Center.
Since the 1980s, China has made much headway in development of renewable energy which refers to non-fossil energy of wind energy, solar energy, water energy, biomass energy and geothermal energy.
The country's utilization of renewable energy reached about 220 million tons of standard coal in 2007, accounting for 8.5 percent of the consumption of primary energy, laying a solid foundation for China's to achieve its target for increasing the percentage to 10 percent by 2010.
In 2007, China's installed capacity of hydropower reached 145 million kw, and new installed capacity of wind energy was about 3.40 million kw, adding the total to six million kw.
At the same time, it has achieved remarkable progress in development of biomass energy. The rural mash gas tanks have helped 80 million farmers have access to clean fuel. More than 1,500 large mash gas tanks have been built in the country, producing more than 1. 0 billion cubic meters of gas each year. China's renewable energy industrial sector develops rapidly with the government support.
The sector started to enjoy favorable policy in 2006, and received investment topping 12 billion US dollars for its projects in 2007. China has promoted development of wind power via franchise bid. In 2006, China's wind power installed capacity reached 1.33 million kW, more than the total amount in the past twenty years.
In 2007, the installed capacity of wind power increased by about 3.40 million kW to 6 million kW. The solar photovoltaic output has grown rapidly in recent years, and amounted to over 2,000 megawatt in 2006.
The renewable energy is key for China to maintain sustainable economic development, said Shi Dinghuan, chairman of the Chinese Renewable Energy Society.
Since the 1980s, China has made much headway in development of renewable energy which refers to non-fossil energy of wind energy, solar energy, water energy, biomass energy and geothermal energy.
The country's utilization of renewable energy reached about 220 million tons of standard coal in 2007, accounting for 8.5 percent of the consumption of primary energy, laying a solid foundation for China's to achieve its target for increasing the percentage to 10 percent by 2010.
In 2007, China's installed capacity of hydropower reached 145 million kw, and new installed capacity of wind energy was about 3.40 million kw, adding the total to six million kw.
At the same time, it has achieved remarkable progress in development of biomass energy. The rural mash gas tanks have helped 80 million farmers have access to clean fuel. More than 1,500 large mash gas tanks have been built in the country, producing more than 1. 0 billion cubic meters of gas each year. China's renewable energy industrial sector develops rapidly with the government support.
The sector started to enjoy favorable policy in 2006, and received investment topping 12 billion US dollars for its projects in 2007. China has promoted development of wind power via franchise bid. In 2006, China's wind power installed capacity reached 1.33 million kW, more than the total amount in the past twenty years.
In 2007, the installed capacity of wind power increased by about 3.40 million kW to 6 million kW. The solar photovoltaic output has grown rapidly in recent years, and amounted to over 2,000 megawatt in 2006.
The renewable energy is key for China to maintain sustainable economic development, said Shi Dinghuan, chairman of the Chinese Renewable Energy Society.