Beijing Urges Boost in Renewable Energy Investment

Investment in Renewable Energy and Power Grid Technology
China's state planner has highlighted the need for increased investment in upgrading equipment to propel the country's energy transition. The focus is on renewable energy technologies, power grid advancements, energy conservation, and enhancing coal power plant flexibility. These areas are crucial for China's shift from coal to lower-carbon energy sources. For instance, wind farms older than 15 years or with a capacity below 1.5 megawatts (MW) are required to undergo upgrades.