Switched On

Wind and Solar Scale Up as China Builds Megabases

Feb 28, 2024

China is implementing an ambitious clean energy plan, aiming for 1,200 gigawatts of renewable capacity by 2030. The focus is on building megabases to generate a significant portion of this target. Analysts discuss policies driving megabase rollout, impact of demand on equipment prices, and new ultra-high voltage grids for power transmission. China's objective is to achieve 455 gigawatts of wind and solar projects by 2030, presenting significant challenges and opportunities.

22:22

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Episode guests

Tianyi Zhao

Xiangyu Chen

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Quick takeaways

China aims for 1,200GW of renewable capacity by 2030, building one-gigawatt megabases to meet targets.

Megabase projects in China leading to drop in solar module and wind turbine costs due to increased demand.

Deep dives

China's Ambitious Renewable Energy Plan

China has set a goal of achieving 1,200 gigawatts of wind and solar installations by 2030, with a focus on building megabases producing at least one gigawatt each. These megabases are crucial in reaching the target, with a plan to have 455 gigawatts of clean energy by 2030, utilizing wind, solar, and coal-fired power stations.

Introduction

3min

China's Renewable Energy Megabase Targets and National Policies

9min

Analysis of State-owned Enterprises, Grid Infrastructure, and Renewable Energy Supply Risks

2min

Megabase Projects and the Integration of Renewable Energy in China

7min

China's Drive for 455 Gigawatts of Wind and Solar Projects by 2030

2min

The Chinese government is rolling out one of the world’s most ambitious clean energy plans, targeting 1,200 gigawatts of installed renewable capacity by 2030. Part of their strategy involves building megabases, huge clean-energy developments that will generate more than one-third of the targeted total. Yet bringing a multi-gigawatt megabase to fruition, and doing it on such a tight time scale, is no minor feat.

On today’s show, Dana is joined by BloombergNEF analysts Tianyi Zhao and Xiangyu Chen. Together they discuss the policies that are driving megabase rollout, how the enormous demand for wind and solar equipment is impacting prices, and the new ultra-high voltage grids that will carry the power generated from remote megabases to major cities.

Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app.

Links to research notes from this episode:

China’s Unprecedented 455GW Energy Megabase Plan - https://www.bnef.com/insights/33031

See omnystudio.com/listener for privacy information.

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Switched On

Wind and Solar Scale Up as China Builds Megabases

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

China's Ambitious Renewable Energy Plan

Government Policies Driving Renewable Energy

Impact on Solar and Wind Markets

Remember Everything You Learn from Podcasts