The Chinese energy company Beijing Jingneng Clean Energy, China Sun Fund Management and the local government of Puning have signed an investment framework agreement to develop a 1 GW solar PV project in Puning County, Guangdong Province (southern China). The project will require an estimated CNY4.5bn and the solar plant will mostly be used to power flower related industries in the region.
In 2021, China’s installed capacity for renewables surpassed 1,000 GW (with 391 GW for hydro, 328 GW for wind and 307 GW for solar) and power production from renewables exceeded 2,300 TWh. China’s National Development and Reform Commission (NDRC) expects 450 GW of solar and wind capacity to be built in China’s desert regions and the country to reach 1,200 GW of solar capacity by 2030.