10.8 C
London
Wednesday, March 22, 2023
HomeChina To Accelerate The Construction Of Coal-Fired Power Plants
Array

China To Accelerate The Construction Of Coal-Fired Power Plants

Date:

Related stories

Will TikTok Be Banned In The U.S.? CEO Shou Zi Chew Begs 150 Million American Users For Support Before Facing Congress.

There aren’t many things you can get Republicans and Democrats to agree to, but one is how TikTok data is accessible to the Chinese Communist Party. Yeah, that’s a problem, considering they are our enemy, and the CEO of TikTok is trying to appeal to t...

Batter industry could be worth $27 billion to Australian economy by 2030

The full battery opportunity won't be unlocked however unless Australia puts in the policy and industry legwork first. The post Batter industry could be worth $27 billion to Australian economy by 2030 appeared first on RenewEconomy.

Gasoline Prices Buck The Trend Ahead Of Driving Season

Gasoline Prices Buck The Trend Ahead Of Driving Season By Charles Kennedy of OilPrice.com With U.S. gasoline prices trending about 3 cents lower than the same time last week, analysts are now speculating that the banking crisis and broade...

“World’s biggest” solar and battery storage offtake deal to deliver giga-scale projects

Saudi developer secures agreements to build three solar plus storage projects in one of the world’s largest power purchase deals. The post “World’s biggest” solar and battery storage offtake deal to deliver giga-scale projects appeare...

Zelensky Invites China To Discuss Peace After ‘No Breakthrough’ In Xi-Putin Meeting

Zelensky Invites China To Discuss Peace After 'No Breakthrough' In Xi-Putin Meeting Ukraine appears willing to engage China in mediation efforts to end the war, at a moment China's Xi Jinping is in Moscow discussing Beijing's own 12-point ...
China To Accelerate The Construction Of Coal-Fired Power Plants

Authored by Michael Kern via OilPrice.com,

China expects to add 70 gigawatts (GW) of coal-fired power generation this year, up from 40 GW of capacity from coal installed in 2022, a report from the power sector’s group, China Electricity Council, showed.

The coal additions, however, will not be the biggest capacity increases in China in 2023, per the report quoted by Bloomberg.

Solar and wind will see massive growth in capacity additions this year, too, with solar power expected to add a huge 100 GW of capacity and wind—another 65 GW, China Electricity Council said.   

China’s electricity generation capacity from renewable sources is expected to jump above 50% for the first time this year. According to the power sector’s lobbying group, low-carbon electricity sources will account for over 52% of total power capacity in China by the end of 2023, up from 49.6% at the end of last year.  

After the end of the ‘zero Covid’ policy, China’s power demand is expected to jump by 6% in 2023, up from the 3.6% growth seen last year, according to the China Electricity Council.

Although renewable energy installations are set to jump, coal-fired capacity additions in China will also surge this year as Beijing has put more emphasis on energy security since the autumn of 2021 when power shortages crippled its industry.

In 2022, China said it would continue to maximize the use of coal in the coming years as it caters to its energy security, despite pledges to contribute to global efforts to reduce emissions.

In recent months, China has significantly boosted its coal production, following government orders. 

[ZH: how dare you!?]

China produced a record amount of coal last year, although output ended the year with a decline amid the latest surge in Covid infections. Total Chinese coal output for the year reached 4.496 billion tons, which was a 9-percent increase compared to 2021, according to official statistics data.    

Tyler Durden Sun, 01/22/2023 - 22:30

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here