Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
UNEP: clean energy investment grows in China
Adjust font size:

Wind power plants are attracting increasing investment in China, according to statistics from the United Nations Environment Programme (UNEP).

The newly released UNEP report, Global Trends in Substantial Energy Investment 2008, shows that China's sustainable energy investment increased by 91 percent in 2007 to a record high 10.8 billion U.S. dollars, most of which has flowed to wind power generating units.

The heavy investment enabled China's wind capacity to double to 6 GW last year.

Meanwhile, new investment in sustainable energy surpassed 148.4 billion U.S. dollars on a global scale, up 60 percent year on year. Funds in the wind power sector became the biggest contributor to the surge.

"At present, wind and solar power have already stood as the hottest spots for renewable energy investment. Alternatives like hydropower and nuclear energy are also coming into the field," said Zhang Shigang, representative of UNEP China office.

Beijing has taken quick action to catch up with the new global trend in clean energy development. Guanting wind power plant, in suburban Beijing, began full operation here on Saturday, supplying wind generated electricity into China's capital for the first time.

With the last 10 wind power generating units officially certificated by Beijing Electric Power Company, the plant has now installed 43 domestically developed wind power units, with a capacity of 64.5 thousand kW.

The plant is expected to supply 100 million-kWh electricity per year, or 300,000 kWh per day, to meet the daily demand of 100,000 households.

Officials with Guanting called the wind power plant a key project for the success of Green Olympics. Statistics from Guanting shows that the power plant could help cut yearly emission of carbon dioxide by 100 thousand tonnes and save 50 thousand tonnes of coal each year.

(Xinhua News Agency July 20, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Clean energy poised to take bigger share
- Clean energy, a great opportunity for US-China cooperation
- Deal in clean energy
- Industry calls for clean energy incentives, support
- China, US benefit from clean energy
- Clean energy cars have 'Chinese characteristics'
- Beijing promotes 'clean energy' in heating season
Most Viewed >>
- China to enhance foreign investments management
- Will Olympics become a watershed in China's economy?
- UNEP: clean energy investment grows in China
- WTO confirms ruling against China in autoparts case
- Rise of trade with India just the 'tip of the iceberg'
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?