Caixin
Dec 05, 2018 07:29 PM
BUSINESS & TECH

Quotas Announced to Cut Wasted Renewable Power Production

Wuhan Guangsheng Photovoltaic Co. employees in Wuhan, Hubei province, work on a solar panel project on the roof of a 47-story building in May 2017. Photo: VCG
Wuhan Guangsheng Photovoltaic Co. employees in Wuhan, Hubei province, work on a solar panel project on the roof of a 47-story building in May 2017. Photo: VCG

China’s state planner, the National Development and Reform Commission (NDRC), announced plans for a new renewable-power quota system to be launched by the end of the year as it looks to cut large-scale waste of its renewable energy sources.

China is a world leader in green technology, with renewables accounting for two-thirds of newly installed power capacity last year.

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