Thursday, 1 December 2016

China to spend over $100 billion on wind power

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China, the world's largest emitter of greenhouse gases, will spend more than USD 100 billion on wind power in the next four years as part of its efforts to reduce dependence on coal for its massive energy needs. Wind power's share of the overall electricity mix should be increased to six percent by 2020, up from 3.3 percent in 2015, according to a National Energy Administration plan. A total of 700 billion yuan (USD 102 billion) will be spent on wind power during the 2016-2020 period. Wind power will create around 300,000 jobs, bringing the total number of employees to 800,000.

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