
Xiangyu Chen
BloombergNEF analyst
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Feb 28, 2024 • 22min
Wind and Solar Scale Up as China Builds Megabases
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.