Jul 09, 2024 09:45 AM

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CX Daily: China’s Power Market Reform Poised to Level Up as Renewables Plug In

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Cover Story: China’s power market reform poised to level up as renewables plug in

While coal-fired power still provides roughly 60% of all China’s electricity, renewables are significantly reshaping the future structure of supply. By the end of May, the installed capacity of new energy generation in China reached about 1,600 gigawatts (GW), marking a 30% increase year-on-year and now accounting for over half of the total.

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