China to Boost Renewable Energy to Curb Air Pollution, CCTV Says

Jan 15, 2014 1:49 am ET

Jan. 15 (Bloomberg) -- China, the world’s biggest carbon emitter, will quicken the development of solar and wind energy this year to help curb air pollution, state television said.

The nation plans to install 14 gigawatts of solar capacity and 18 gigawatts of wind power as well as approve 20 gigawatts of hydroelectric plants, China Central Television reported, citing the National Energy Administration.

The plan surpasses a forecast by Bloomberg New Energy Finance for China’s wind and solar capacity addition in 2014. The nation may install as much as 13.3 gigawatts of solar power and 14.7 gigawatts of wind this year, BNEF estimates. The efforts are targeted at curbing coal power plant emissions to ease smog.

China plans to reduce preferential prices for renewable energy and achieve parity with coal-fired power by 2020, CCTV reported.

--Feifei Shen. Editors: Abhay Singh, Indranil Ghosh