China Daily丨China-SCO green efforts deepening

Core Viewpoint - Renewable energy cooperation between China and Shanghai Cooperation Organization (SCO) countries is significantly advancing, contributing to global decarbonization efforts and enhancing green energy capacity across the region [1][2]. Group 1: Renewable Energy Capacity and Projects - The collaboration involves projects totaling approximately 96.3 gigawatts of installed renewable energy capacity [2]. - Solar and wind power projects constitute 80 percent of this installed capacity, highlighting the focus on these energy sources [3]. Group 2: Investment and Expertise - The initiative is characterized by substantial Chinese investment and engineering expertise, along with increasing exports of Chinese renewable energy equipment to SCO countries [3][4]. - Chinese companies have completed landmark green projects in the SCO region, showcasing strong economic benefits and high replicability [5]. Group 3: Regional Cooperation and Market Dynamics - There is a growing complementarity of resources, markets, and technology among SCO countries, which are rich in renewable energy resources, indicating broad prospects for cooperation [4]. - SCO countries are enhancing cooperation on renewable energy through large-scale project development and deeper coordination with traditional energy sectors [5][8]. Group 4: International Engagement - ACWA Power, a Saudi Arabian energy company, is committed to investing in China's renewable energy sector and plans to expand its presence to meet the growing demand [6][7]. - The entry of Middle Eastern energy conglomerates into China's renewable energy landscape reflects the increasing international interest in the region's green energy market [8]. Group 5: Global Energy Transition - The SCO's share of global energy production and consumption is rising, which is significant for the world's energy transition [9]. - China's comprehensive industrial chain for renewable energy, from design to construction, is a key factor in its leadership position in the global market [9].