China Raises Use of Geothermal Energy

China plans to raise the annual utilization of geothermal energy to 70 million tonnes of coal equivalent by 2020 as the country seeks to ease reliance on coal and curb pollution. The annual utilization of geothermal energy for heating purposes should reach 40 million tonnes of coal equivalent by 2020, …

China Halts Construction On 150 Gigawatts Of New Coal Power Plants

China’s state-run news agency Xinhua has revealed that China has currently halted construction on new coal-fired power plants in an effort to avoid building over-capacity while simultaneously hoping to promote a cleaner energy mix. The Chinese Xinhua News Agency reported on Monday that China had halted construction on a total …

China and India Tipped for Multi-Billion Dollar Renewables Investment Surge

The Asian renewables market can expect a dual boost this year, as the Chinese and Indian governments both look to step up investment in clean energy infrastructure. According to Reuters’ reports, China’s energy agency today announced plans to invest 2.5 trillion yuan ($361bn) in renewable power generation by 2020 as …

China to Cut Solar & Wind Tariffs as Costs Continue to Fall

China’s price regulator announced this week that it will cut tariffs paid to solar and wind projects in order to reflect the continuing decline in project costs. Bloomberg New Energy Finance communicated news from China’s national price regulator and economic planner, which on Monday announced it would reduce the amount …