Renewable energy is a critical component of China’s ongoing efforts to address its growing energy needs and environmental challenges. The country is the largest market for renewable energy investment globally, with an estimated USD 266bn spent on clean energy in 2021 alone. China is the leader in terms of hydro, solar and wind deployment and is the largest manufacturer of RE components. Chinese companies supply the domestic and global markets with high-quality wind turbines and solar modules at competitive prices. Cumulatively, China has installed more than 1.0 TW of clean power capacity by end-2021, equivalent to 43% of the country’s power capacity mix. The electricity in the grid that comes from renewable sources amounted to almost 28% of the total. RE adoption will continue in the coming years as China targets to double its solar and wind capacity to 1.2 TW by 2030.

01 EXECUTIVE SUMMARY 

02 SECTOR IN FOCUS 

03 COMPETITIVE LANDSCAPE 

04 COMPANIES IN FOCUS

05 REGULATORY ENVIRONMENT 

06 HYDROPOWER 

07 WIND POWER 

08 SOLAR POWER