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world1d ago
How China adds more renewable energy than any other economy
- China installed 360 GW of wind and solar in 2024, pushing total renewables capacity to about 1.4 TW.
- The dual-carbon plan links national targets to local action to drive the energy transition.
- Grid upgrades and flexible generation are expanding to absorb fluctuating renewable output.
- A unified national market aims to enable cross-regional trading and better renewables integration.
- Markets will expand capacity, ancillary services, green power, and environmental value trading.
- Four lessons offer guidance: clear goals, long-term grid planning, value-based markets, and sustained innovation.
- China’s approach prioritizes integration of generation, grid, demand, and storage as a coordinated system.
- Investment in power grid infrastructure exceeded $80 billion in 2024, including ultra-high-voltage lines.
- The article notes the importance of AI in grid forecasting and dispatch.
- The World Economic Forum frames China’s model as a potential reference for other economies.
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