China to add 1,500 gigawatts of power capacity by 2030, study says

Aug 28, 2013
A photo taken on March 9, 2013 shows the the skyline of Baoding, Hebei province, some 140 km south of Beijing. China will add some 1,500 gigawatts of power production capacity by 2030, or the equivalent of Britain's existing capacity every year.

China will add some 1,500 gigawatts of power production capacity by 2030, or the equivalent of Britain's existing capacity every year, a study showed on Wednesday.

Although the world's biggest carbon emitter will continue to draw considerable capacity from coal-fired plants, about half of the new capacity will be generated from renewable sources, Bloomberg New Energy Finance (BNEF) said in its report.

China, which is also the global No. 1 in electricity production, will in the next two decades invest $3.9 trillion (around 3.0 trillion euros) in new power plants and other electricity producing assets and will add some 38 gigawatts of coal-fired generated capacity a year until 2022— corresponding to three large a month, BNEF said.

After that, it is estimated to grow at a much slower rate, with China expected to install some 10 gigawatts a year until 2030.

"Carbon emissions and local environmental problems resulting from coal, such as will likely continue to worsen in the next 10-15 years despite the shift towards cleaner energy sources," BNEF said.

Thanks to more gas-based and renewable power generating sources, however, the share of coal-fired will drop to 44 percent in 2030 from 67 percent in 2012.

The BNEF said that on the back of a cleaner energy shift, China's power sector emissions could start shrinking as of 2027.

Explore further: Fossil fuels at what price? EU analysis looks at energy costs

add to favorites email to friend print save as pdf

Related Stories

Renewable energy use gaining worldwide: IEA

Jun 26, 2013

Renewables like solar and wind represent the fastest-growing source of energy power generation and will make up a quarter of the global power mix by 2018, the International Energy Agency said in a report ...

China doubles solar power target by 2020: report

May 06, 2011

China has more than doubled its target for solar power capacity to 50 gigawatts by 2020, state media said, as the world's largest polluter steps up efforts to boost clean energy sources.

Americans continue to use more renewable energy sources

Jul 18, 2013

Americans used more natural gas, solar panels and wind turbines and less coal to generate electricity in 2012, according to the most recent U.S. energy charts released by Lawrence Livermore National Laboratory.

Recommended for you

Global boom in hydropower expected this decade

3 hours ago

An unprecedented boom in hydropower dam construction is underway, primarily in developing countries and emerging economies. While this is expected to double the global electricity production from hydropower, it could reduce ...

Cheaper silicon means cheaper solar cells

Oct 22, 2014

Researchers at the Norwegian University of Science and Technology have pioneered a new approach to manufacturing solar cells that requires less silicon and can accommodate silicon with more impurities than ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

Osiris1
1 / 5 (2) Aug 28, 2013
Gotta have lotsa power to power their big honkin space gun, their terawatt laser cannon to keep us off the moon so all the helium 3 there will stay China's from China's new sovereign ancient territory, the moon and their new colony they are speeding to build in order to claim it.