Momentum for offshore wind development seems to continue, although we have stepped into the zero-subsidy era. The annual Offshore Wind Summit and Guangxi’s ambitious wind development plan (18GW) are undoubtedly the highlights of last week.
Other noteworthy updates of China’s clean energy market in our view:
- Net Zero Investment: Beijing released the Circular Economy 14th Five-Year Plan (14th FYP); recycling of photovoltaic and power batteries are heavily under-invest.
- Wind: NEA official said the “far and deep sea” (floating) offshore wind demos are the emphasis, while Guangxi Province unleashes +8GW OW projects
- Hydrogen: a review of China’s refuelling station figure suggest that the country is just a step away from being at the global top. In June, the FCV sale record finally bounced.
- Energy Storage: China’s first 10 GW renewable+storage project kicks off; China Huaneng said it would focus on, among others–CCUS.
Scroll down to check out the 9 updates that we considered noteworthy last week.
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Recycling PV and Floating Wind Demos the Key 14th FYP Tasks –China Clean Energy Syndicate