In 2024, Chinese companies recorded 24 gigawatts in belts and road countries.
Research has stated that renewable energy projects account for most of the energy projects of Chinese companies in 2024 belts and road countries.
According to Wood Mackenzie, a provider for data and analysis of renewable energy, energy, and analysis, Chinese companies set up a record of 24 gigawatts in belts and road countries last year, and 52 % of these adopted renewable energy. did.
Of these renewable energy projects, 8 GW is solar power and 5 GW is hydroelectric power.
Alex Whitworth, Vice President and Officer of Wood Mackenzie’s Asia -Pacific Electric Police and Renewable Energy Research Institute, stated:
However, Wood Mackenzie also noted that the remaining 48 % of the projects were thermal power, including 6 GW legacy coal plants, 6 GW gas and oil plants.
The coal power generation project of about 19 GW is still on the pipeline, but there is a possibility that it will be canceled in a global transition away from coal, and China’s “No NO NO NO NEW OVERSEAS COAL POWER” was announced in 2021. Combined with policy.
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In addition, a 9 -GW gas project is currently under construction or planned.
Since China launched the Belt and Road Initiative (BRI), Chinese companies have built a 156 GW power project in participating countries, about 1.5 times the 2024 Australia’s total installation capacity.
Asia accounted for 70 % of the installed capacity, and Africa accounted for 15 %.
Wood Mackenzie predicts that Pakistan, Indonesia, Vietnam, Saudi Arabia and Malaysia will witness a significant growth in the next ten years, and 120 GW needs a $ 73 billion investment.
Saudi Arabia is expected to have the biggest demand, We plan to build 41 GW solar power and 13 GW wind power.
Earlier this year, the leaders of Pakistan, Bangladesh, Indonesia, the Philippines and India have called for China to lead to fossil fuels to renewable energy.
“China is in a very important and unique position in a quick and fair transition from fossil fuels to 100 % renewable energy systems,” said Lady, a coordinator of debt and development movements of local alliance Asia.・ Nakpill says.
“There is a huge amount of financial resources that can be mobilized for investment for a fair transition to renewable energy. At the same time, there are many things to do by gradually abolishing coal in domestic energy production.”
