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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Sept. 12 (Xinhua) — Chinese authorities have unveiled a two-year action plan to accelerate high-quality growth of the domestic energy equipment industry, including measures to promote green and smart transformation in the energy sector.
The white paper outlines numerous growth targets for the 2025-2026 period, including an average annual growth rate of approximately 6 percent in operating income from sales of traditional energy equipment, as well as a steady growth in operating income from sales of equipment in the alternative energy field, while industry leaders are expected to achieve revenue growth of approximately 10 percent.
The move comes amid the acceleration of the green and low-carbon transformation of the global energy structure and the emergence of a new type of energy system in China.
Key measures listed in the plan include promoting high-quality development of the wind power and other renewable energy equipment industry, promoting innovation in new energy storage technologies, accelerating the construction of large-scale onshore wind and photovoltaic bases, and orderly decommissioning of outdated coal-fired power plants. Efforts will also be made to deepen the integration of new-generation information technology with the power equipment industry.
According to the document, international cooperation will be stepped up. China will seek to expand supply chain cooperation with emerging countries in wind power, solar power and energy storage, encourage component manufacturers to join overseas supply chains, and promote mutual recognition of technical standards, testing and certification.
This document was jointly published by the Ministry of Industry and Information Technology, the State Administration for Market Regulation and the State Energy Administration of the People's Republic of China.
Green energy development in China is gaining momentum. As of the end of July this year, the total installed capacity of power plants in the country reached 3.67 billion kW, which is 18.2 percent more than at the end of July last year. In particular, the total installed capacity of Chinese solar power plants increased by 50.8 percent to 1.11 billion kW, while the same indicator for wind power plants increased by 22.1 percent to approximately 570 million kW. -0-
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