China to Add 1,500 Gigawatts of Power Capacity by 2030

AFP
August 28, 2013

china-lights

China will add some 1,500 gigawatts of power production capacity by 2030, or the equivalent of Britain’s existing capacity every year, a study showed on Wednesday.

Although the world’s biggest carbon emitter will continue to draw considerable capacity from coal-fired plants, about half of the new capacity will be generated from renewable sources, Bloomberg New Energy Finance (BNEF) said in its report.

China, which is also the global No. 1 in electricity production, will in the next two decades invest $3.9 trillion (around 3.0 trillion euros) in new power plants and other electricity producing assets and will add some 38 gigawatts of coal-fired generated capacity a year until 2022– corresponding to three large coal plants a month, BNEF said.

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