Core Insights - The article emphasizes the significant achievements in China's renewable energy sector during the "14th Five-Year Plan" and outlines strategic directions for the upcoming "15th Five-Year Plan" to ensure reliable supply and enhance competitiveness in the face of market risks [1][2][4]. Summary by Sections Achievements during the "14th Five-Year Plan" - China's renewable energy capacity has dramatically increased, with annual new installations rising from "tens of millions of kilowatts" to "hundreds of millions of kilowatts," projected to reach 350 million kilowatts by 2024 [2]. - By August 2025, the total installed capacity of renewable energy is expected to reach 2.18 billion kilowatts, accounting for nearly 60% of the national total, with wind and solar power surpassing thermal power as the primary energy source [2][3]. - Renewable energy has achieved a high penetration rate, with wind and solar power generation reaching 1.15 trillion kilowatt-hours in the first half of 2025, constituting nearly one-quarter of total electricity consumption [2]. Strategic Directions for the "15th Five-Year Plan" - The core focus is on accelerating the transition from fossil fuels to non-fossil energy, optimizing the energy mix, and establishing a new power system to support carbon peak and carbon neutrality goals [4]. - Emphasis on enhancing traditional energy's role in providing backup support and promoting clean and efficient utilization, including the transformation of coal power into a dual role of "basic guarantee + system adjustment" [4][5]. - The development of diversified and large-scale renewable energy bases, particularly in the "Three North" regions and offshore wind farms, is prioritized [4][5]. Challenges and Solutions - The industry faces challenges such as land use restrictions, system flexibility requirements, and rising non-technical costs, which need to be addressed collectively [7][8]. - Solutions include promoting multi-energy complementarity, enhancing the integration of renewable energy with traditional energy sources, and developing new market mechanisms to ensure sustainable growth [7][8][9]. Role of Green Certificates - The article discusses the importance of green certificates in promoting green consumption, advocating for both mandatory and voluntary market efforts to enhance their effectiveness [8][9]. - It suggests establishing a green electricity consumption accounting system and developing technical standards for green electricity consumption certification [8][9]. Market Adaptation and Risk Management - The industry must enhance core capabilities in scientific layout, cost control, and market operation to adapt to the transition to a fully market-oriented environment [10][11]. - Key risks include market rule adaptation, price volatility, and consumption challenges, which require careful monitoring and strategic adjustments [11].

Core Viewpoint - During the "14th Five-Year Plan" period, China's new energy capacity has significantly increased, with wind and solar power surpassing thermal power to become the primary source of electricity generation. Looking ahead to the "15th Five-Year Plan," the focus will be on ensuring reliable supply, enhancing competitiveness, and improving incentive mechanisms for green certificates [1][2]. Summary by Sections Achievements in New Energy Development - The supply capacity of green energy has been greatly enhanced, with annual new installations of wind and solar power increasing from "10 million kilowatts" during the "13th Five-Year Plan" to "100 million kilowatts," projected to reach 350 million kilowatts by 2024 [2]. - By August 2025, the total installed capacity of renewable energy in China is expected to reach 2.18 billion kilowatts, accounting for nearly 60% of the national total, marking a historic shift where wind and solar power installations exceed those of thermal power [2]. New Development Patterns - The development pattern has shown new characteristics, with improved regional layout and structure. Large-scale wind and solar bases are being developed in areas like the "Three North" regions and coastal areas, leading to a new pattern of large-scale and intensive development of renewable energy [3]. - The transition from merely addressing the availability of energy to supporting the demand for energy transformation has been largely achieved, with a shift in development logic from "how much policy can support" to "how much market needs" [3]. Strategic Directions for the "15th Five-Year Plan" - The core of the energy system's green and low-carbon transformation is to accelerate the transition from fossil fuels to non-fossil fuels, optimizing the combination of traditional and new energy sources [4]. - Emphasis will be placed on enhancing the clean and efficient use of traditional energy, promoting the flexible utilization of hydropower, and developing a diversified and large-scale approach to new energy [5][6]. Market Mechanisms and Green Certificates - The green certificate system is crucial for promoting green energy consumption, with a focus on both mandatory and voluntary markets to stimulate green consumption demand [11]. - By August 2025, 464 million green certificates were traded, reflecting a 120% year-on-year increase, indicating the growing importance of this mechanism in the energy market [11]. Challenges and Future Development Models - The industry faces common challenges such as land use constraints, system flexibility requirements, and rising non-technical costs, which need to be addressed collectively [7][8]. - Future development models will focus on multi-energy complementarity and integrated development, enhancing the coordination of various energy sources to optimize energy consumption and management [9][10].