The Yunnan Provincial Energy Investment Group and the Yunnan Provincial Investment Holdings Group have signed agreements with parties from seven prefectures and cities in the Yunnan province (south-western China) for the construction of 10 GW of solar PV projects across the province. The total investment for the signed projects reaches CNY50bn (US$7.2bn). The projects are expected to produce a total of 13 TWh/year of electricity and to reduce emissions in the province by more than 10 MtCO2/year.
The first batch includes 64 projects totalling 4 GW, which will require an investment of about CNY20bn (US$2.9bn). They are scheduled to be connected to the Chinese grid during the course of 2023 and are expected to provide 5.2 TWh/year of power to Yunnan, alleviating the province’s supply shortages.
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.
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