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China Daily︱China's tech cutting cost of renewables
国家能源局· 2025-10-26 10:53
Core Viewpoint - China has significantly reduced global renewable energy costs through technological advancements and manufacturing capabilities, establishing itself as a leader in the green energy transition [4][5]. Group 1: Cost Reduction and Global Impact - Over the past decade, China has decreased the average cost of global wind power projects by 60% and solar photovoltaic projects by 80% [5]. - Wind and solar products produced in China have contributed to a reduction of approximately 2.65 billion metric tons of carbon dioxide emissions globally in the past year [6][7]. - China's expansion in renewable energy capacity has made clean energy more affordable worldwide, according to the International Renewable Energy Agency [7]. Group 2: Renewable Energy Capacity and Leadership - China's combined installed capacity for wind and solar power accounts for nearly half of the global total, with new installations representing 60% of worldwide additions [8][9]. - The share of renewable energy in China's total power generation capacity has reached approximately 60% [9]. - China has built the world's largest and fastest-growing renewable energy system, positioning itself as a leader in energy technology innovation [9]. Group 3: R&D and International Cooperation - China's comprehensive R&D and manufacturing system for wind and solar energy provides high-quality products and solutions for both domestic and international markets [10]. - The country is enhancing global green and low-carbon development through extensive international energy cooperation and participation in global energy governance [11]. - Future initiatives will focus on institutional reforms and innovative business models, such as advanced energy storage and virtual power plants [11][12].