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Renewable energy efficiency to improve
Wang C.S.  2018.01.08



China will solve the problem of renewable energy going to waste by 2020, the head of the National Energy Administration said on Tuesday.

"Wind and solar curtailment rates are expected to drop 6.7 and 3.8 percentage points respectively in 2017, and the utilization rate for hydropower will reach 95 percent this year," Nur Bekri, head of the NEA, was quoted as saying by Economic Daily, at the national work conference on energy.

"China has become a global leader in the development of non-fossil fuel," he said, adding that the country has made great achievement in the development of new energy and renewable energy, Xinhua reported.

The country's newly added renewable energy capacity accounts for 40 percent of the global growth, with the total capacity amounting to around 656 gigawatts, according to Economic Daily.

The cost of building wind and solar power projects has been reduced by 20 percent and 60 percent respectively. China tops the world in hydro, wind, solar and nuclear power projects that are under construction, said Nur Bekri.

The country will strengthen supervision of the development and utilization of renewable energy, establish a quota system on renewable-energy generated electricity and push for the sector to participate in market-based electricity trading, he said.
 
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