News: MOEA Lifts Renewable Energies Installation Target

The Ministry of Economics Affairs (MOEA) announced on May 28 that it is set to raise the target of renewable energies installation to 17,250 megawatts (MW) by 2030, the China Post has reported. The target first stated in the ‘Renewable Energy Development Act’ was 10,858 MW, which was adjusted to 12,502 MW in 2011 and 13,750 MW in 2014, respectively. The most recent announcement represents an over 20% increase in total installation capacity.

Solar PV systems and offshore wind power are the two main categories contributing to the increase. According to the updated plan, the target of PV installation will be raised from 6,200 MW to 8,700 MW by 2030, while the overall capacity of offshore wind power is expected to be adjusted from 3,000 MW to 4,000 MW.

Source: China Post and Bureau of Energy

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