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Domestic clean energy revenue accounts for more than 70% by 2025: China Power

China Power International Development Limited, core subsidiary for conventional energy business of State Power Investment Corporation Limited (SPIC), held a development forum on the theme of “To Be The World’s Leading Low Carbon Enterprise” in Beijing on October 23, announced its strategic ambition to become the leading role among the clean energy enterprises.


Qian Zhimin, chairman of the Party group and chairman of SPIC, made a speech at the event and made an introduction of current renewables installation. He said that at present, the solar installed capacity of SPIC has exceeded 36 GW, the installed capacity of new energy power generation has exceeded 70 GW, and 100 GW for renewable energy power generation, all ranking first in the world. The announcement of the new strategy is an important measure to implement the “double carbon” goal.

Specifically, by the end of 2023, the company’s clean energy installed capacity will account for more than 70% and clean energy revenue will account for more than 50%; Comprehensive smart energy revenue will exceed 15%, as well as establish more than 100 strategic key customers and strategic cooperation cities, counties and districts.

By the end of 2025, such numbers will be increased to 90%, 70%, 25% and 200 respectively. The company at that time will become a leader in building green electricity transportation and energy storage power stations in China, a pioneer in establishing beautiful low-carbon and zero carbon villages, and a builder of developing new hydrogen energy ecology and energy storage.


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