Energy industry to witness boom times

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The story "Energy industry to witness boom times" was covered 11 hours ago by The Star, a news publisher based in Malaysia.

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The Star 11h ago

Energy industry to witness boom times - The Star

Quick Summary:

CHINA's energy sector is poised for further growth this year, fueled by favorable policies that will expedite the country's shift toward renewable energy sources, even as it navigates challenges like demand-supply imbalances and trade barriers, said experts.

Wang Peng, a professor at North China Electric Power University, projects that by 2025, China's combined wind and solar installed capacity will reach approximately 1.6 billion kilowatts.

Newly increased renewable energy installations in China surpassed 300 million kW last year, constituting over 85 percent of all new installations, while the energy self-sufficiency rate was maintained above 80 percent, said the NEA.