According to a recent research from Global Energy Monitor, China is responsible for up to 74% of all wind and solar projects that are presently being built.
The climate NGO noted that the nation that currently has the highest wind and solar power capacity in the world is developing 510 GW more of it in utility-scale solar and wind capacity. The total for the whole world, including China’s part, is 689 GW.
China is trying to get more of its energy from sources other than imports, and it’s been smashing records in both wind and solar energy. This year, in May, the nation set a record for the most new solar installations in a single month, with 93 GW. These new capacity additions for May were higher than the total number of solar panels deployed in any other nation in the globe in 2024.
Global Energy Monitor claimed in its study that “China is leading the world in building new renewable energy sources.” “It keeps adding solar and wind power at a record pace.”
But China’s rise in wind and solar energy isn’t without its concerns. Beijing’s conclusion that the two sectors are mature enough to compete in the market instead of depending on ongoing subsidies is the largest difficulty they are facing right now. The government is lowering the amount of money it gives to solar and onshore wind, but they aren’t getting rid of it entirely yet.
According to Global Energy Monitor, China might install over 246.5 GW of new solar capacity and 97.7 GW of new wind capacity by the end of 2025. At the conclusion of the first quarter of the year, the nation had an amazing 1.5 TW of overall capacity in these two areas. Even yet, China kept adding additional coal-powered capacity because it knew that baseload generation was still highly important, even in the world’s biggest market for wind and solar energy.