China to boost investment in clean energy

March 5, 2012 — China is aiming to boost investment in clean energy, especially in the hydropower industry, but cut investment in thermal power in 2012.

According to a report by China Electricity Council, China would add 85,000 MW of installed power capacity in 2012.

The newly added installed capacity in thermal power would be reduced from 58.86 million kilowatts in 2011 to 50 million kilowatts in 2012, while that in hydropower would be raised from 12.25 million kilowatts in 2011 to 20 million kilowatts in 2012.

The decreasing investment in thermal power and increasing investment in clean energy would be a dominant trend in the country’s Twelfth Five-Year period (2011-2015) and even in the Thirteenth Five-Year period (2016-2020), noted CEC.

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