China Plays Leading Role in the Investment in Clean Energy

According to the latest report released by the Energy Economics and Financial Analysis Institute (IEEFA), China’s overseas investment in renewable energy and related technologies last year grew 60% , to  220 billion CNY, hit a new high.

Between 2015 and 2021, China’s wind power, solar power and hydro power capacity will account for about one-third of the world’s. At the same time, the Asian Infrastructure Investment Bank (AIIB) and China Export-Import Bank and other Chinese-led lending institutions also have enough financial resources to lead the transformation of the entire Asian power sector.

China’s investment in clean energy industry scale and growth rate shows that China is ready to become the world’s new clean energy leader.

China’s domestic renewable energy investment has been ranked first in the world. On Thursday, China’s National Energy Agency (NEA) announced that as part of its national ” Thirteen five plan”, China will invest RMB 2.5 trillion to develop renewable energy by 2020 and push the domestic market to abandon high pollution Coal, turn to use the more clean energy. Part of the latest phase of China’s “going out” strategy is also aligned with the national energy strategy and plans to build a series of trade and infrastructure networks across Asia, Europe and Europe through the “One Way” initiative.That means China will be the country with the most green jobs to the world. The International Energy Agency’s World Energy Outlook 2010 report estimates that 3.5 million of the world’s 8.1 million renewable energy jobs come from Chinese companies. China’s wind and solar investment flows mostly to the United States, Germany, Italy, Australia and South Africa. Latin America is one of the most attractive emerging markets for renewable energy, and Chinese companies have invested very much in Latin America, such as Mexico, Brazil, Argentina and Chile.

In response to this strategic area of ​​power transmission, China National Grid (SGCC) last year with the Brazilian power company CPFLEnergiaSA on energy, power generation, and power transmission and distribution reached an agreement worth RMB 899 million. The influx of Chinese capital into Latin America is expected to have a significant impact on the region’s geopolitics, shaking the dominance of Europe and the United States for decades.

China is very aware of the huge opportunities in the field of renewable energy, not only in the domestic investment in massive energy to promote clean energy transformation, more actively seeking to expand overseas business opportunities. China is shaping its current clean energy industry in the unshakable leader position, and Suwin as a leader in China’s new energy field will also yield unusually brilliant results.