China’s renewable energy investment to touch $2.2tr

Business Sunday 03/January/2016 18:29 PM
By: Times News Service
China’s renewable energy investment to touch $2.2tr

Muscat: Renewable energy investment in China could reach $145 billion per year to 2030, or $2.2 trillion in total, says a recent report by the International Renewable Energy Association (IRENA).
As one of the world’s largest energy consumers, China will account for nearly 40 per cent of the world’s renewable energy capacity growth until 2020, according to the International Energy Authority.
The World Future Energy Summit has announced that it will host its largest-ever Chinese business delegation, following the UAE and China’s recent landmark agreement to collaborate on renewable energy innovation.
The UAE and China are set to be key renewable energy players, with the two countries recently signing a partnership on sustainable development and renewable energy.
“Our largest-ever Chinese contingent represents new business opportunities for both Chinese renewable energy experts in the fast-paced Middle East and North Africa market, and for international investors in China’s strong renewable energy sector,” said Naji El Haddad, group event director, World Future Energy Summit.
According to him, more than 30 Chinese energy exhibiting companies, especially solar power manufacturers — set to include BYD, JA Solar, Jinko Solar, Suntech, Trina Solar and Yingli Solar — will showcase their latest technologies and innovations to an expected 30,000 participants.
Hosted by Masdar, WFES 2016 will be held at the Abu Dhabi National Exhibition Centre from January 18 to 21, co-located with International Water Summit and Eco Waste.