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China upgrades inexperienced energy business to spice up high-quality growth

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BEIJING, Aug. 29 (Xinhua) — China’s inexperienced energy business, the worldwide chief, is turning into a brand new driving power for China’s high-quality growth by means of technological upgrades.

GREEN POWER

China has the world’s largest renewable energy technology system, with the put in capability of hydropower, wind energy, solar energy and biomass energy technology rating first on this planet. This low-cost and eco-friendly power has change into a key for high-quality growth.

According to the most recent knowledge from the National Energy Administration (NEA), as of the tip of June 2023, the put in capability of renewable power in China had exceeded 1.3 billion kilowatts, surpassing the put in capability of coal energy for the primary time in China’s historical past.

A better have a look at the put in capability of renewable power in China reveals that wind energy is at 389 million kilowatts, rating first on this planet for 13 consecutive years, whereas the put in capability of photovoltaic energy is 470 million kilowatts, rating first on this planet for eight consecutive years.

According to Minister of Ecology and Environment Huang Runqiu, the technological progress and large-scale utility of renewable power in China have vastly lowered the price of renewable power.

For instance, China provides 50 p.c of the wind energy gear and 80 p.c of the photovoltaic module gear on this planet. In 2021, the set up price of worldwide photovoltaic gear had decreased by about 82 p.c in contrast with the fee in 2010, whereas the set up price of wind energy gear had decreased by no less than 35 p.c.

“It has not only contributed to China’s green and low-carbon development, but also contributed greatly to global emissions reduction,” mentioned Huang.

TECH UPGRADES

China’s inexperienced power business has been developed by means of steady expertise upgrades.

According to Li Chuangjun, director of the brand new power and renewable power division of the NEA, China’s new power innovation has gone by means of expertise introduction, digestion and absorption, and re-innovation.

For instance, the most recent China-developed wind turbine can generate 66 million kWh per yr, equal to the electrical energy consumption of 36,000 households for one yr.

This wind turbine can also be the world’s first 16-MW ultra-large offshore wind turbine. Hundreds of sensors and laser radars scattered over the entire machine can sense temperature, humidity, wind velocity and different info to trace the working state of the turbine, and alter the angle and technology energy mechanically.

Li mentioned China’s wind energy sector has surpassed worldwide ranges by way of expertise of large-scale items and floating items, with breakthroughs made in key parts similar to spindle bearings of high-power items and ultra-long blades.

He additionally talked about that crystalline silicon photovoltaic expertise in China has continued to develop. The effectivity of domestically-developed perovskite cells, a next-generation photovoltaic battery, has reached 26.1 p.c, which is a brand new world report.

Japan-based knowledge supplier Fronteo revealed that China has delivered some 5,500 analysis papers on perovskite photo voltaic cells since 2019, outperforming the United States (3,400 papers) and South Korea (1,460 papers). Japan delivered about 820 papers.

According to Li Zhenguo, president of LONGi Green Energy Technology Co., Ltd., a number one photovoltaic module provider, technological innovation is the core driving power for progress within the photovoltaic business. The enchancment of battery conversion effectivity has performed a key function on this regard.

BOOST FOR ECONOMY

Chinese customs knowledge confirmed the entire export worth of China’s three main tech-intensive inexperienced merchandise, or the “new three” — photovoltaic batteries, lithium-ion batteries and new power autos (NEVs) — soared 61.6 p.c yr on yr within the first half of 2023, boosting China’s export progress by 1.8 p.c factors.

From clothes, family home equipment and furnishings to the “new three,” China’s international commerce construction has been constantly optimized and upgraded, reflecting the brand new development of high-quality growth.

Regions similar to Shanghai, Jiangsu and Guangdong, all registered strong export progress by way of the “new three.” The worth of those merchandise exported from Shanghai reached 247.8 billion yuan (about 33.99 billion U.S. {dollars}) in H1, a year-on-year improve of 74.7 p.c.

Jiangsu’s export worth of photovoltaic batteries, lithium-ion batteries and NEVs in H1 grew 4.8 p.c, 60.9 p.c and 481 p.c, respectively. Guangdong’s figures within the first seven months of 2023 have been 44 p.c, 23.9 p.c and 570.8 p.c, respectively.

“The ‘new three’ reflect the effective improvement of the quality and reasonable growth of China’s exports, and also make contributions to the world’s green and low-carbon transformation,” mentioned Lyu Daliang, spokesperson of China’s General Administration of Customs.

The contribution of the “new three” can also be distinguished within the home market. For occasion, China’s NEV sector has skilled speedy growth in recent times. The output and gross sales of NEVs rose to three.79 million and three.75 million items, respectively, in H1 this yr.

To slim the rural-urban divide, China has intensified efforts to make automobiles — significantly NEVs — extra reasonably priced in smaller cities and the countryside. Over the previous three years, greater than 4.1 million items have been offered within the rural market.

The National Development and Reform Commission launched measures in July to stabilize and increase the nation’s auto consumption, additional promote the event of the NEV business, and construct extra charging amenities in small cities, townships and villages.

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