China introduces new policies as renewable energy expansion faces challenges
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According to a Bloomberg report, China fears its record pace of renewable installations might encounter hurdles. To counter those fears, the government has taken measures to maintain the production and installation of its renewable installations.
The government relaxed the limits on how much renewable power can be utilised in energy-rich areas as one of the measures.
The proposed plan implements a change of rules that govern the wastage of renewable power because of grid-capacity constraints. As per the rule, wind and solar farms that are situated in areas with better resource conditions, according to Bloomberg, can now have almost 10% of their generated power curtailed. The previous limit of curtailing power generated was limited to 5%.
China has witnessed increased curtailments after record-breaking solar and wind installations in 2023.
Also read: China’s solar power expansion slows down
Bloomberg’s report mentions that the easing of the rules will allow the deployment of more solar panels this year in places where the grid is overcrowded.
This decision is among several government policies announced on Wednesday to boost clean energy in the country. Bloomberg reports that other strategies to promote clean energy growth include accelerating battery storage installations and building power lines.
The new plans align with China’s existing goals of reducing the country’s energy consumption and CO2 emissions per unit of GDP by 2.5% and 3.9%, respectively, this year.
The government’s planning agency declared that China was lagging in achieving its targets. According to Bloomberg’s report, the agency also mentioned that due to the slow progress, China might miss the goal of reducing energy intensity by 13.5% by 2025.
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