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Energy Insider: Clean Energy Begins to ‘Bend’ China’s Emissions Curve, Beijing Approves New Long-Distance Power Lines

Published: Jul. 8, 2025  6:39 p.m.  GMT+8
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Inner Mongolia autonomous region’s Kubuqi Desert solar power project. Photo: Xinhua
Inner Mongolia autonomous region’s Kubuqi Desert solar power project. Photo: Xinhua

In this week’s Caixin energy wrap, we analyze China’s biggest climate and energy news on policy, industry, projects and more:

• China’s emissions growth slows

• Beijing approves new long-distance power lines

• Sinopec rolls out floating solar farm

• Liquid batteries could solve grid problems

In focus: China’s clean energy push ‘begins to bend’ its emissions curve

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  • China’s carbon emissions growth slowed to 0.7% in 2024 from 4.5% in 2023, mainly due to record clean energy additions totaling 373 GW.
  • Beijing approved two ultra-high-voltage power lines, including a 2,681 km line to the Greater Bay Area, with combined investments exceeding 70 billion yuan ($9.6 billion).
  • Sinopec launched a floating solar farm generating 16.7 GWh/year, and flow batteries are being adopted to boost grid stability amid clean energy expansion.
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In the latest Caixin energy wrap, several significant developments in China’s clean energy sector are highlighted, focusing on shifts in emissions, key infrastructure approvals, innovations in solar energy, and advancements in battery technology. These changes collectively illustrate China’s determination to address climate change and improve the sustainability of its energy system.

A new analysis reveals that China’s carbon emissions growth has notably slowed, thanks largely to the swift expansion of clean energy production. In 2024, carbon emissions only grew by 0.7%, a marked deceleration compared to the 4.5% rise in 2023. This trend, reported by Berlin-based Agora Energiewende and Beijing-based Agora Energy China, suggests China’s emissions curve may be leveling off. Importantly, this slowdown is attributed not to economic stagnation but to substantive gains in clean energy, as confirmed by evaluations of GDP, heavy industry output, and fossil fuel generation metrics [para. 5][para. 6][para. 7].

Further evidence comes from a separate study in May 2025, which recorded a 1.6% year-on-year drop in emissions in the first quarter, again credited to clean energy growth. In 2023, China added 373 GW of new renewable energy capacity—over 50% of the entire world’s new capacity for the year. Of this, wind energy contributed 80 GW and solar 278 GW, according to government data. These investments underscore China’s growing prominence as a global renewable energy leader [para. 8][para. 9].

Infrastructure upgrades are also a priority, with Beijing recently approving two ultra-high-voltage (UHV) transmission lines designed to overcome geographical mismatches between energy generation and consumption. One new line will connect the Kubuqi Desert’s wind and solar resources in Inner Mongolia with the Jing-Jin-Ji urban area, including Beijing and Tianjin, spanning 669 kilometers at a cost of 17 billion yuan (roughly $2.4 billion). The second major line links hydropower sources in Tibet to the Guangdong–Hong Kong–Macao Greater Bay Area, stretching 2,681 kilometers and costing 53 billion yuan. This latter project is particularly notable as it is the first joint venture between China’s two major grid operators: State Grid Corp. of China and China Southern Power Grid. UHV transmission is vital for efficiently transporting renewable energy over long distances from inland generation regions to coastal demand centers [para. 11][para. 12][para. 13][para. 14].

On the corporate front, Sinopec has inaugurated a floating solar farm in Qingdao, incorporating both seabed-mounted and floating panels. With a capacity to generate 16.7 gigawatt-hours annually, this project helps Sinopec reduce emissions by 14,000 tons per year and supports the company’s net-zero goals through renewable hydrogen production. Part of the hydrogen output will also be commercially available [para. 16][para. 17][para. 18][para. 19][para. 20].

Lastly, liquid or flow batteries are gaining attention as a means to stably integrate renewables into the grid. Though bulkier and heavier than traditional lithium batteries, flow batteries offer lower lifetime costs and increased safety due to water-based electrolytes. Their adoption is part of China’s broader initiative to expand grid-level energy storage and avoid wasting renewable output during periods of oversupply. However, lithium batteries still dominate the market due to established supply chains driven by China’s electric vehicle boom [para. 22][para. 23][para. 24][para. 25][para. 26][para. 27].

This summary outlines how China is tangibly "bending" its emissions trajectory through a combination of aggressive renewable deployment, strategic infrastructure investments, pioneering solar projects, and promising storage innovations [para. 5][para. 8][para. 11][para. 16][para. 22].

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Who’s Who
Inner Mongolia Power (Group) Co. Ltd.
Inner Mongolia Power (Group) Co. Ltd. will participate in the construction of a new ultra-high-voltage (UHV) transmission line. This 669-kilometer line will transmit wind and solar power from the Kubuqi Desert in Inner Mongolia to the Jing-Jin-Ji urban cluster, including Beijing and Tianjin. The project is expected to cost 17 billion yuan ($2.4 billion).
State Grid Corp. of China
State Grid Corp. of China is one of China's primary grid operators. They will jointly build a new ultra-high-voltage (UHV) transmission line to send energy from Xizang to the Guangdong–Hong Kong–Macao Greater Bay Area, investing 53 billion yuan ($7.3 billion). This UHV project is the first of its kind for State Grid.
China Southern Power Grid
China Southern Power Grid is one of China's two main grid operators. It is jointly building a 2,681-kilometer ultra-high-voltage (UHV) transmission line to transmit energy from hydropower projects in Xizang to the Guangdong–Hong Kong–Macao Greater Bay Area. This project, with a 53 billion yuan investment, highlights UHV technology's role in addressing China's concentrated inland renewable energy resources and coastal power demand.
China Petroleum & Chemical Corp. or Sinopec
China Petroleum & Chemical Corp., or Sinopec, launched a floating solar farm in Qingdao to reduce emissions. This sea-based solar farm, which includes both seabed and floating panels, will produce 16.7 gigawatt-hours of electricity annually, cutting 14,000 tons of carbon emissions. The generated electricity will support Sinopec's efforts to produce renewable hydrogen for internal use and public sale, aiming for net-zero emissions.
Zhonghai Energy Storage Technology Co. Ltd.
Zhonghai Energy Storage Technology Co. Ltd. is a Beijing-based company involved in the energy storage sector. Its Deputy General Manager, Zhang Peng, advocates for iron-chromium flow batteries due to their lower long-term storage costs compared to lithium equivalents.
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What Happened When
2024:
China's carbon emissions increased by just 0.7%, compared to a 4.5% rise in 2023, according to a July 2, 2025 assessment by Agora Energiewende and Agora Energy China.
2024:
China added 373 GW of renewable capacity, with wind capacity growing by 80 GW and solar by 278 GW, more than 50% of the global total new capacity.
First quarter of 2025:
China's carbon emissions dropped by 1.6% year-on-year, linked to increasing clean energy generation, according to an analysis in May 2025.
Late June 2025:
Zhang Peng, deputy general manager of Zhonghai Energy Storage Technology Co. Ltd., presented on the long-term cost benefits of iron-chromium flow batteries at a media briefing.
July 2, 2025:
Agora Energiewende and Agora Energy China released an assessment noting the slowdown in China’s carbon emissions growth.
July 2, 2025:
Sinopec's floating solar farm in Qingdao began operation, as reported by Xinhua News Agency.
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