Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Industries

    Chinese clean energy firms boost global green shift

    Xinhua | Updated: 2025-01-02 11:07
    Share
    Share - WeChat

    BEIJING -- Across the sweeping expanse of Kazakhstan's desert, rows of photovoltaic panels glisten like a shimmering lake under the sun's brilliance. This impressive sight belongs to the Kapchagay 100MWp Solar Power Station, a large single photovoltaic power plant developed by Universal Energy, a leading Chinese clean energy provider.

    To date, Universal Energy has completed eight renewable energy projects in Kazakhstan, significantly reducing local electricity costs. According to Nan Yi, the company's chairman, these plants meet the energy needs of around one million households and cut carbon dioxide emissions by 1.6 million tonnes annually.

    The company is part of a larger picture of Chinese renewable energy firms expanding their global footprint. Despite headwinds in a year marked by mounting protectionism, these companies have accelerated their international ventures, injecting much-needed momentum into global green transition.

    Exports of new-energy vehicles (NEVs) reached 1.17 million units in the first 11 months of 2024, a remarkable 24.6 percent increase compared to the same period in 2023.

    Chinese energy storage firms secured over 115.63 GWh of overseas orders from January to October.

    As the world's largest producer of solar photovoltaic modules, China accounts for approximately 80 percent of global module manufacturing and has driven a more than 80 percent reduction in the price of solar panels over the past decade, according to Heymi Bahar, a senior analyst with the International Energy Agency.

    He said this has played a key role in helping countries worldwide expand their solar photovoltaic deployments.

    In 2024, confronted with rising trade barriers from the EU and the United States, numerous Chinese firms are deepening their presence in emerging markets across Asia, the Middle East, and Africa, backed by the Belt and Road Initiative.

    Chinese companies' non-financial outbound direct investment in Belt and Road partner countries expanded 5.1 percent from the previous year to a total of $30.17 billion from January to November, according to the Ministry of Commerce.

    A case in point is that in July 2024, the Saudi Public Investment Fund announced partnerships with Jinko Solar, TCL Zhonghuan, and wind turbine maker Envision Energy, to localize the manufacturing and assembly of solar and wind power equipment.

    These collaborations align with the world's largest oil producer's ambitious goal of having renewable energy comprise over 50 percent of its energy mix by 2030.

    China's new energy industry also helps forge a win-win model for green and low-carbon energy transitions. In Kenya, for example, the 50-megawatt Garissa solar power station developed by the China Jiangxi Corporation for International Economic generates an average of over 76 million kilowatt-hours of electricity annually. It reduces approximately 64,000 tonnes of carbon dioxide emissions each year.

    The project has freed local residents from frequent power outages and promoted local industrial and commercial development, creating numerous job opportunities.

    Moses Masika Wetangula, speaker of Kenya's National Assembly, said China has always been a reliable partner, and its support is critical for Africa's development.

    With deeper engagement in global markets, Chinese companies have accelerated the "going global" strategy by relocating industrial chains and factories abroad. This approach aims to establish comprehensive industrial ecosystems overseas, bringing advanced technology to these countries and fostering improved local industrial frameworks.

    A notable example is Chinese NEV giant BYD, which signed a preliminary sales and purchase agreement in January 2024 with Szeged, Hungary, for land to establish its first European factory. The facility will include an advanced car production line tailored for localized European markets and will be put into operation in 2025.

    BYD chairman Wang Chuanfu said BYD is ready to bring highly advanced technologies and automated manufacturing lines to Hungary to facilitate local EV development. He added that BYD will produce localized products for European markets by collaborating with Europe to achieve the goal of global sustainable development.

    Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said that BYD's manufacturing plant was the largest and the most important investment project in Hungary's history, which will strengthen Hungary's economic position and foundations for long-term growth.

    As the global energy landscape undergoes rapid transformation, the demand for renewable energy is projected to grow steadily. Chinese renewable energy enterprises have a big role to play.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲AV无码乱码在线观看富二代| 亚洲AV无码AV男人的天堂不卡| 少妇中文无码高清| 无码国产精品一区二区免费式直播 | 日无码在线观看| 特级做A爰片毛片免费看无码| 免费无遮挡无码视频在线观看 | 亚洲AV无码乱码国产麻豆| 中文字幕av在线| 亚洲熟妇少妇任你躁在线观看无码| 熟妇人妻无码中文字幕| 亚洲AV无码无限在线观看不卡| 亚洲精品欧美精品中文字幕| AA区一区二区三无码精片| 亚洲成A人片在线观看无码不卡| 最近中文字幕完整在线看一| 在线欧美中文字幕农村电影| 中文无码vs无码人妻| 色综合久久最新中文字幕| 精品国产a∨无码一区二区三区| 亚洲中文字幕无码爆乳AV| 中文字幕一区二区三区在线不卡| 天堂8а√中文在线官网| 美丽姑娘免费观看在线观看中文版| 亚洲?v无码国产在丝袜线观看| heyzo专区无码综合| 国产爆乳无码视频在线观看| 国产精品ⅴ无码大片在线看| 久久久久成人精品无码中文字幕| 久久午夜伦鲁片免费无码| 国产精品无码一区二区三区电影| 无码精品日韩中文字幕| 久久无码人妻一区二区三区午夜| 日韩丰满少妇无码内射| 精品无码国产自产拍在线观看| 国产爆乳无码一区二区麻豆| 精品无码久久久久久久动漫| 久99久无码精品视频免费播放| 亚洲äv永久无码精品天堂久久 | 中文字幕av在线| 人妻丰满熟妇aⅴ无码|