China added nearly 120 GW of combined solar and wind capacity in 2020

January 25, 2021
Owning the Energy Transition More...
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China closed 2020 with an additional 71.7 GW of wind capacity and an extra 48.2 GW of solar capacity. For solar, the additional capacity means a 60% rise compared to 2019; for wind, the outcome is even more astonishing. Not only did China almost triple its 2019 new capacity figure, but the country installed more wind power in 2020 than the rest of the world did in 2019 (60.4 GW). While China also increased its thermal power capacity in 2020, the Chinese power grid continues to displace coal in favor of renewable electricity to comply with the national ambition to hit peak carbon emissions by 2030. All in all, these factors point at China as a key region for clean energy developments and foreign investment. 

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