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New
energy projects accelerated (2006-07-31) |
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Xinhua |
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China is accelerating its construction
of renewable energy projects across
the country, with hydropower and wind-power
capacity to reach 180 million kilowatts
and 5 million kilowatts by 2010. Xu
Dingming, deputy office director of
the State Council Energy Leading Group,
was quoted by the Shanghai Securities
News as saying at the East Asia Investment
Forum. |
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By 2020, the country's installed capacity
of hydropower and wind power will total
300 million kilowatts and 30 million
kilowatts respectively, he said. The
construction of renewable energy projects
by 2020 in China will demand investment
of 800 billion yuan (about 100 billion
U.S. dollars), he said. China also plans
to build up biogas installed capacity
of 30 million kilowatts by 2020, and
solar installed capacity of 1.8 million
kilowatts by 2020. |
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The Chinese government will set up
special fund to support renewable energy
projects, giving assistance to their
research and development as well as
favorable tax policies to relevant enterprises,
he said. China plans to raise its electricity
installed capacity for renewable energy
to 10 percent of its total power capacity
by 2010 and 16 percent by 2020. Soaring
oil prices have made renewable energy
a priority for world and domestic investors. |
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In the September 26 / October 3, 2005
edition of NEWSWEEK International, an
in-depth article called “Building
in Green” illustrates the development
of the Huangbaiyu Sustainable Village
Demonstration Project while highlighting
BASF’s significant contribution
to innovative insulation materials.
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