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November 29, 2011

Power Generation Costs in China

China's renewable and nuclear energy targets have recently been updated by the NEA (National Energy Agency). They now stand at 150 gW of installed wind capacity by 2020, along with 20 gW of solar, 380 gW of hydro and 80 gW of nuclear.

The NEA plans to increase non-fossil fuel energy to 15 percent of total primary consumption by 2020. These targets are additional to the country's goal of a reduction in energy intensity of between 40 and 45 percent by the same year.

This implies that wind-energy generation should increase by an average of 12.5 gW every year through to 2020, according to the International Energy Agency.

Thermal power is coal. Nuclear power is competitive with some coal power. Hydro is the cheapest





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