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China makes continuous breakthroughs in developing renewable energy

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      China

      China

      China makes continuous breakthroughs in developing renewable energy

      2024-08-14 00:48 Last Updated At:17:27

      China has maintained robust growth momentum in its renewable energy development since the beginning of 2024, with its total installed green energy capacity exceeding 1.6 billion kilowatts, as new breakthroughs are achieved continuously to provide strong impetus for green development.

      A million-kilowatt offshore photovoltaic project has recently commenced construction in the Bohai Sea. Over a dozen of construction vessels are laying more than two million solar panels across some 1,333 hectares on the sea surface.

      Upon completion, the solar panels will be generating an estimated 1.78 billion kilowatt-hours of electricity each year, while the space underneath will be utilized for aquaculture, which is expected to bring in an annual income of over 27 million yuan (about 3.77 million U.S. dollars).

      Meanwhile, the construction of the world highest wind power generation and energy storage project started on July 31 on the Qinghai-Tibet Plateau, which has an average altitude of 5,000 meters.

      With a total installed capacity of 100 megawatts, the project, located in Nagqu City of southwest China's Xizang Autonomous Region, will be able to generate around 237 million kilowatt-hours of electricity every year upon its completion, providing a reliable source for green energy supply in northern Xizang.

      At the same time, in the first six months of this year, renewable energy power generation investment accounted for more than 70 percent of the power investment from key surveyed enterprises nationwide.

      "As of the end of June this year, the installed capacity of renewable energy power reached 1.65 billion kilowatts, accounting for 53.8 percent of China's total installed power generation capacity, an increase of 4.7 percentage points compared with the same period of last year. The power generation structure has been continuously optimized," said Yang Kun, executive vice president of the China Electricity Council.

      As the scale of renewable energy continues to expand, new technologies and new models have kept emerging, and the pace of construction of China's new power system has accelerated significantly.

      In north China's Inner Mongolia Autonomous Region, the country's largest integrated wind-solar-storage demonstration project has recently been connected to the grid. With the help of integrated intelligent regulation technology, it can effectively solve the problems of large fluctuations and strong intermittency in new energy resources.

      At the same time, five provinces and autonomous regions in southern China have adopted the AI-based load forecasting system developed by the China Southern Power Grid, which utilizes over 30 different AI algorithms to calculate the electricity load conditions for the next 10 days in the regions, providing precise forecasts of power dispatching.

      "AI is over 10 times more efficient than traditional load forecasting based on human experience. Therefore we can arrange resources, including renewable energy and pumped storage, in an earlier and more proactively manner," said Li Peng, an official from the power distribution and management center under the China Southern Power Grid.

      In the first half of 2024, over 80 percent of the increase in power generation nationwide came from renewable energy sources.

      The proportion of renewable energy power generation in China has increased from 32 percent recorded at the end of 2023 to 35.1 percent at present.

      According to the National Energy Administration, China will make further efforts to ensure complementary and coordinated development of multiple renewable resources, with equal emphasis on onshore and offshore power, to speed up the green and low-carbon transformation of energy and power generation.

      China makes continuous breakthroughs in developing renewable energy

      China makes continuous breakthroughs in developing renewable energy

      China makes continuous breakthroughs in developing renewable energy

      China makes continuous breakthroughs in developing renewable energy

      Next Article

      Trump's 20 pct tariffs on EU raise concerns for Italian wine export

      2025-04-03 17:20 Last Updated At:17:47

      Wine companies in Italy are anxious as U.S. President Donald Trump signed an executive order on the so-called "reciprocal tariffs," imposing a 20-percent tariff on the European Union.

      Giulia D'Alema, head of a family-owned wine business in Italy's Umbria region, is facing significant uncertainty for the upcoming wine sales season following the announcement of tariffs on EU products, including wine.

      Her family's 7.5-hectare vineyard has completed its major annual tasks — trimming, tying, and weeding — to ensure healthy grape growth and a fruitful harvest.

      However, despite these preparations, D'Alema is troubled by the looming threat of new tariffs on Italian wines exported to the United States.

      The United States is a key market for Italian wines, with exports valued at approximately 2 billion euros in 2024 alone.

      Yet, the announcement by U.S. President Donald Trump has put this vital export market at risk.

      "If tariffs are imposed, U.S. importers won't be able to import my wine because selling my rose will no longer be profitable for them. I've already increased production specifically for this (U.S.) market, so now I have to find other ways to absorb this surplus," said D'Alema.

      In the wine-producing region of Umbria in central Italy, it is the small and medium-sized wineries that are hit the hardest. Large enterprises can mitigate risks by adjusting their market strategies, but small family-owned businesses often rely on a single market. The imposition of tariffs creates a great deal of uncertainty for their operations.

      In 2024, Italy's bottled wine exports to the United States reached 1.94 billion euros. According to calculations by the largest agricultural association in Italy, the Italian Confederation of Farmers (CIA), if tariffs prevent Italian wines from being exported to the United States, Italian wineries could face daily losses of 6 million U.S. dollars.

      Trump's 20 pct tariffs on EU raise concerns for Italian wine export

      Trump's 20 pct tariffs on EU raise concerns for Italian wine export

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