China's Renewable Energy Capacity Tops 50% Milestone - OilPrice.com
China's Renewable Energy Capacity Tops 50% Milestone | OilPrice.com
| WTI Crude •10 mins | 74.86 | +0.97 | +1.31% |
| Brent Crude •10 mins | 80.26 | +0.87 | +1.10% |
| Murban Crude •15 mins | 80.08 | +0.73 | +0.92% |
| Natural Gas •10 mins | 2.542 | -0.030 | -1.17% |
| Gasoline •10 mins | 2.196 | +0.038 | +1.74% |
| Louisiana Light •3 days | 76.28 | +0.92 | +1.22% |
Louisiana Light • 3 days 76.28 +0.92 +1.22% Bonny Light • 1 day 80.80 -1.23 -1.50% Opec Basket • 3 days 79.19 +0.72 +0.92% Mars US • 49 days 79.33 -2.03 -2.50% Gasoline • 10 mins 2.196 +0.038 +1.74%
| Marine •1 day | 78.13 | -0.17 | -0.22% |
| Murban •1 day | 80.05 | +0.12 | +0.15% |
| Iran Heavy •1 day | 78.77 | -1.12 | -1.40% |
| Basra Light •752 days | 71.69 | -3.60 | -4.78% |
| Saharan Blend •1 day | 79.49 | -1.63 | -2.01% |
| Bonny Light •1 day | 80.80 | -1.23 | -1.50% |
Bonny Light • 1 day 80.80 -1.23 -1.50% Girassol • 1 day 80.06 -1.11 -1.37% Opec Basket • 3 days 79.19 +0.72 +0.92%
| Canadian Crude Index •205 days | 53.57 | -1.23 | -2.24% |
| Western Canadian Select •8 hours | 52.89 | -0.33 | -0.62% |
| Canadian Condensate •8 hours | 76.04 | -0.33 | -0.43% |
| Premium Synthetic •8 hours | 74.29 | -0.33 | -0.44% |
| Sweet Crude •8 hours | 65.14 | -0.33 | -0.50% |
| Peace Sour •8 hours | 57.64 | -0.33 | -0.57% |
Peace Sour • 8 hours 57.64 -0.33 -0.57% Light Sour Blend • 8 hours 63.14 -0.33 -0.52% Syncrude Sweet Premium • 8 hours 66.39 -0.33 -0.49% Central Alberta • 8 hours 57.89 -0.33 -0.57%
| Louisiana Light •3 days | 76.28 | +0.92 | +1.22% |
| Domestic Swt. @ Cushing •3 days | 69.92 | +0.97 | +1.41% |
| Giddings •3 days | 63.67 | +0.97 | +1.55% |
| ANS West Coast •8 days | 78.31 | +2.00 | +2.62% |
| West Texas Sour •3 days | 67.52 | +0.97 | +1.46% |
| Eagle Ford •3 days | 69.92 | +0.97 | +1.41% |
Eagle Ford • 3 days 69.92 +0.97 +1.41% Oklahoma Sweet • 3 days 69.75 +1.00 +1.45% Kansas Common • 7 days 61.75 +0.00 +0.00% Buena Vista • 8 days 76.99 +2.11 +2.82%
China's Renewable Energy Capacity Tops 50% Milestone
Governments and private entities around…
Oil prices are on track…
Irina Slav
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Renewable energy generation capacity in China has surpassed 50% of the total this year, China Daily reported today, noting that share was in excess of 145 GW.
The report did not, however, go into detail about the energy sources included in the total renewable capacity and how much of each was in the mix.
However, in terms of production hydrocarbons still rule with a 70% of the total output, led by coal.
China is the world’s largest investor in wind and solar, but it is also investing heavily in hydropower and hydrocarbons as it pursues an “all of the above” approach to energy supply.
It became notorious earlier this year for approving the equivalent of two new coal power plants weekly, according to climate think tanks even as it also boosted it wind and solar generation capacity.
China itself says the approach is motivated by its prioritization of energy security over emission footprints.
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Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.