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Thematic (Sector/Industry)

China Oil, gas and consumable fuels / Thematic (Sector/Industry)

<ul><li>Nearly half of the power traded on China’s electricity market in 2023 came from wind and solar plants, doubling from just two years ago, according to an energy expert.</li><li>The portion of “new energy”— which refers to wind and solar energy — in the total amount of power traded last year surged to 44%, up from 22% in 2021 and 32% in 2022, according to figures released at an industry seminar held in Beijing on Tuesday.</li><li>New energy is expected to be “fully integrated” in the country’s electricity trading by 2030 as Beijing deepens its power reforms, said Dong Feifei, a power engineer who presented the figures.</li></ul>

Nearly half of the power traded on China’s electricity market in 2023 came from wind and solar plants, doubling from just two years ago, according to an energy expert.The portion of “new energy”— which refers to wind and solar energy — in the total amount of power traded last year surged to 44%, up from 22% in 2021 and 32% in 2022, according to figures released at an industry seminar held in Beijing on Tuesday.New energy is expected to be “fully integrated” in the country’s electricity trading by 2030 as Beijing deepens its power reforms, said Dong Feifei, a power engineer who presented the figures.

China Technology Solar Power Hldgs (8111 HK)

Wind and Solar Power Traded on China’s Electricity Market Doubles in Two Years 