China's State Power Investment Corporation (SPIC) announced its major planning objectives for 2020 and intends to generate around 50% of its electricity from clean energy by 2020 up from 43% as of today. This 50% figure includes hydropower, gas-fired capacity and nuclear and it will be split as follows: hydropower (15%), nuclear (7%), natural gas (6%) and "other new energy" (22%) such as solar PV and wind.
The company sets a target of 170 GW of operating power capacity by 2020, of which 25.2 GW for hydropower, 11.96 GW for nuclear, 10.71 GW for natural gas-fired capacity and 37.10 GW for other, of which around 15 GW planned for solar PV.
As of 2016, SPIC reported a total capacity of 116 GW (+8.4%, versus 107 GW in 2015 and 97 GW in 2014).
Searching for proven generation costs?
Then CAPEX & LCOE is the database you need. The module provides exclusive insights on both Capital Expenditure and Levelised Cost of Electricity.
Make informed decisions in terms of which technologies to invest in and where. In just a few clicks, access unique, premium data on both thermal and renewable power generation costs by technology and by country. Put our detailed, reliable information to use and benchmark your project.