2021-03-26 12:05:00
CHINA RENEWABLES SUPPORT
REUTERS - MARCH 25, 2021 - China said on Thursday it will step up financial support for the development of wind and solar power generation, as part of its efforts to meet its target for carbon emissions cuts.
China would step up financial support to promote the healthy and orderly development of wind and solar power industries, as some renewable energy companies had encountered difficulties in production and operations due to tight cash conditions, the People’s Bank of China (PBOC) said in a statement on Thursday.
President Xi Jinping last year targeted a steeper cut in rates of carbon emissions relative to economic activity by 2030 and set new goals for growth in renewable energy as the country looks to reach the peak of its emissions before the end of the decade.
In early March, China set a modest five-year growth target for nuclear power generation capacity and promised quicker development of alternative energy sources, but left its coal industry largely untouched.
For promising renewable companies facing short-term repayment pressure, financial institutions could make arrangements including loan extensions, refinancing or adjustments of the schedule and terms of loan repayments, PBOC said on Thursday.
China will preferentially give subsidies to wind and solar power companies, and further step up credit and loan support, the PBOC said.
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Earlier:
2021, March, 10, 12:15:00
CHINA'S NUCLEAR COAL
China announced its aim to increase its nuclear power capacity by 40% from 50 GW in 2020 to 70 GW in 2025. However, the 2021-2025 plan isn't expected to slow down the construction of new coal-fired power plants.
2021, March, 9, 12:45:00
CHINA NEED NUCLEAR POWER
China said in its 2021-2025 five-year plan released on Friday that it would raise total nuclear capacity to 70 gigawatts (GW) by the end of 2025.
2021, March, 4, 11:50:00
CHINA NUCLEAR LEADERSHIP
The contribution of nuclear power could decline substantially in several leading markets while large growth is coming, as China takes first position within a decade
2021, February, 26, 11:45:00
CHINA'S COAL IMPORTS UP
China had the highest gain in coal imports from the U.S. among the top destinations in the fourth quarter of 2020. The Asian country imported 1.0 Mt of coal from the U.S. during the period, a 251.8% increase year over year and a 748.2% jump quarter over quarter.
2021, February, 26, 11:35:00
CHINA OFFSHORE WIND UP 3.1 GW
The offshore wind industry installed just over 6 GW of new capacity globally in 2020, nearly the same levels as the previous year.
2021, February, 12, 11:40:00
CHINA'S CLEAN ENERGY 40%
China grid companies will steadily increase the amount of power purchased from clean generation sources from 28.2% in 2020 to 40% by 2030,
2021, January, 25, 13:50:00
CHINA'S NEW RENEWABLES 120 GW
China added nearly 72 GW of wind power capacity and 48 GW of solar capacity in 2020.
