September 12, 2018 Read More →

China reinforces renewable energy commitment with significant European wind investments

Lexology:

China has traditionally focused more on developing coal and hydroelectric power, which provide relatively constant output, instead of wind and solar, which depend on whether conditions. However, recently, government-owned power producers have begun making significant investments in large wind projects in Europe, indicating a potential shift in the breadth of China’s commitment to an energy policy that is both global and renewable.

In fact, a recent Institute for Energy Economics and Financial Analysis (IEFA) report has shown that China now invests more in European wind projects than in Australian projects, which in recent years had received substantial amounts of money from China. Notably, Chinese private and state sectors invested US$6.8 billion in European wind projects from 2011 to 2017 compared with US$5 billion in Australia.

According to Simon Nicholas, author of the IEFA report: “China is now a driver of the European energy transformation, and its international leadership in low emissions sectors of the future are entirely aligned with efforts to increase China’s global economic influence.”

China Reinforces Renewable Energy Commitment With Significant European Wind Investments

Posted in: IEEFA In the News

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