Unified National Electricity Market Roadmap Established By China
On November 29, spearheaded by the National Energy Administration (NEA), the China Electricity Council brought more than twenty entities together to jointly issue the “Blue Book on the Development Plan for a Unified National Electricity Market”. The Blue Book shares details on the roadmap and timetable for the development of the unified national electricity market. […]
Green Electricity Certificates Issuance Reached 4.73 billion in 2024
In December 2024, China issued more than 199 million Green Electricity Certificates (GEC), bringing the yearly total to more 4.73 billion. Wind, solar and hydropower assets accounted for 41%, 17% and 32% of the GECs issued respectively. In 2024, a total of 446 million GECs were traded nationwide, with more than 98% comprising wind and […]
Renewable Energy Capacity Hits 56% of Total Capacity in China
As China accelerates its green transition, the country’s renewable energy capacity reached a record high of 56% of the country’s total energy capacity in 2024. Renewables contributed 86% of new capacity installed in 2024. In 2024, the renewable energy sector increased installed capacity by more than 373,000 MW, a year-on-year increase of 23 percent. Solar, […]
