ZCZC
BCN-16
CHINA-ENERGY-POWER-SPIC
China energy giant SPIC speeds up green energy drive
BEIJING, July 20, 2019 (BSS/Xinhua) – State Power Investment Corporation
(SPIC) has accelerated the development of green energy, with the installed
capacity of clean energy now exceeding that of other sources.
So far, the installed capacity of clean energy has reached 72.63 million
kilowatts, accounting for 50.14 percent of the total installed capacity of
energy, said the company in its latest social responsibility report.
In the first half of this year, SPIC added 4.7 million kilowatts of energy
capacity with clean energy accounting for 86 percent.
SPIC, established in 2015 through a merger of the China Power Investment
Corporation and the State Nuclear Power Technology Corporation, is a top
Chinese power generator.
China has adopted a slew of measures to encourage the development of clean
energy with aims to make non-fossil energy meet 20 percent of its energy
needs by 2030.
To reach this goal, China is investing heavily in renewable energy,
pledging to invest 2.5 trillion yuan (about 364 billion U.S. dollars) in
renewable power generation — solar, wind, hydro and nuclear — by 2020.
BSS/XINHUA/HR/1445