China to Add 1,500 Gigawatts of Power Capacity by 2030
AFP
August 28, 2013
China will add some 1,500 gigawatts of power production capacity by 2030, or the equivalent of Britain’s existing capacity every year, a study showed on Wednesday.
Although the world’s biggest carbon emitter will continue to draw considerable capacity from coal-fired plants, about half of the new capacity will be generated from renewable sources, Bloomberg New Energy Finance (BNEF) said in its report.
China, which is also the global No. 1 in electricity production, will in the next two decades invest $3.9 trillion (around 3.0 trillion euros) in new power plants and other electricity producing assets and will add some 38 gigawatts of coal-fired generated capacity a year until 2022– corresponding to three large coal plants a month, BNEF said.